#1
Which economic indicator measures the overall economic health of a country?
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Unemployment Rate
Producer Price Index (PPI)
#2
What does the term 'trade balance' refer to in economics?
The difference between exports and imports of goods and services
The overall economic output of a country
The ratio of government spending to GDP
The level of income inequality in a society
#3
What is the primary purpose of the Federal Reserve in the United States?
Controlling inflation
Enforcing tax policies
Regulating international trade
Managing social welfare programs
#4
In economic terms, what is the primary purpose of the Foreign Exchange Market (Forex)?
To regulate international trade
To facilitate currency exchange and trade between countries
To control inflation
To monitor government spending
#5
In the context of monetary policy, what does the term 'Open Market Operations' refer to?
Government intervention in the stock market
Central bank buying or selling of securities in the open market
Currency pegging
Regulation of international trade
#6
In the context of international trade, what does the term 'Dumping' refer to?
Exporting goods below their production cost to gain market share
Imposing tariffs on imported goods
Equalizing trade imbalances
Encouraging foreign investment
#7
What does the Consumer Price Index (CPI) measure?
Inflation
Unemployment
GDP growth
Interest rates
#8
Which of the following is an example of a leading economic indicator?
Gross Domestic Product (GDP)
Stock Market Index
Unemployment Rate
Consumer Price Index (CPI)
#9
What is the purpose of the Producer Price Index (PPI) in economic analysis?
To measure inflation from the producer's perspective
To track changes in consumer spending
To calculate GDP growth
To assess interest rate trends
#10
Which of the following is considered a lagging economic indicator?
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Unemployment Rate
Corporate Profits
#11
What is the significance of the unemployment rate in economic analysis?
It reflects the percentage of the population not in the labor force
It measures the percentage of the labor force without a job but actively seeking employment
It indicates the total number of jobs available in the economy
It assesses the average wage levels in a country
#12
Which economic indicator is commonly used to evaluate the health of the housing market?
Consumer Price Index (CPI)
Gross Domestic Product (GDP)
Housing Starts
Retail Sales
#13
What is the Phillips Curve used to analyze in economics?
Inflation and Unemployment
Interest Rates
GDP Growth
Government Spending
#14
In economic terms, what does the term 'stagflation' refer to?
High Inflation and High Unemployment
Low Inflation and High GDP Growth
Low Inflation and Low Unemployment
High Inflation and Low Interest Rates
#15
Which economic concept is represented by the formula C + I + G + (X - M)?
Aggregate Demand
Fiscal Policy
Monetary Policy
Balance of Payments
#16
What does the term 'Laffer Curve' represent in economics?
A graphical representation of the business cycle
A curve depicting the relationship between tax rates and tax revenue
A measure of income distribution in a society
A tool for calculating inflation rates
#17
Which economic theory suggests that governments should intervene to stabilize the economy through fiscal and monetary policies?
Monetarism
Supply-side Economics
Keynesian Economics
Austrian School of Economics
#18
What does the term 'Gini Coefficient' measure in economic analysis?
Income Inequality
Inflation Rate
GDP Growth
Unemployment Rate