

Understanding Economic Indicators
Interactive Video
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
Nancy Jackson
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of economic indicators?
To determine government policies
To calculate tax rates
To predict stock prices
To assess the health of the economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is considered a leading economic indicator?
Unemployment Rate
Consumer Price Index (CPI)
Gross Domestic Product (GDP)
S&P 500 Index
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a PMI reading above 50 indicate?
Decrease in consumer spending
Growth in manufacturing
Economic stability
Economic contraction
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which report is a primary coincident indicator?
Nonfarm Payrolls Report
Consumer Confidence Index
Purchasing Managers Index
Initial Jobless Claims
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does GDP measure?
The total value of goods and services produced in a country
The unemployment rate
The inflation rate
The average income of citizens
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is the Consumer Price Index (CPI) important?
It assesses government spending
It predicts future economic trends
It measures changes in purchasing power
It calculates the unemployment rate
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can a low unemployment rate indicate about the economy?
The economy is in recession
The economy is performing well
The economy is stagnant
The economy is experiencing high inflation
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