Economic Indicators Quiz

Economic Indicators Quiz

University

10 Qs

quiz-placeholder

Similar activities

Unit 14 State Economic Growth and Development

Unit 14 State Economic Growth and Development

6th Grade - University

10 Qs

Public Policy

Public Policy

University

10 Qs

Intro Macro Quiz 1

Intro Macro Quiz 1

University

10 Qs

Ecn1100

Ecn1100

University

9 Qs

[ECON1192] Inflation

[ECON1192] Inflation

University

12 Qs

B321 MA04 Economic growth Recap

B321 MA04 Economic growth Recap

University

9 Qs

Measuring A Nation's Income-B

Measuring A Nation's Income-B

University

7 Qs

macroeco WA

macroeco WA

University

10 Qs

Economic Indicators Quiz

Economic Indicators Quiz

Assessment

Quiz

Business

University

Hard

Created by

Doug Bice

Used 3+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which indicator will probably rise when the economy is in a recession?

real GDP growth

unemployment

industrial production

real retail sales

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The broadest measure of economic activity is:

the stock market.

business confidence.

real GDP.

nonfarm payrolls.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Okun's rule of thumb, for every 1% fall in actual output below potential output, the unemployment rate:

rises by 1%.

falls by 1%.

rises by 0.5%.

falls by 0.5%.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which indicator might be a good predictor of investment?

initial unemployment claims

consumer confidence

business confidence

nonfarm payrolls

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Periodic fluctuations of a country's real gross domestic product (GDP) are known as:

a recession.

the business cycle.

an expansion.

a trough.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Recessions tend to be _____, and expansions tend to be _____.

short; short

long; long

short; long

long; short

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Suppose that aggregate output is equal to potential output; the actual unemployment rate is:

equal to the equilibrium unemployment rate.

higher than the equilibrium unemployment rate.

lower than the equilibrium unemployment rate.

unrelated to the equilibrium unemployment rate.

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?