#1
Which of the following is not considered a leading economic indicator?
Consumer confidence index
Gross Domestic Product (GDP)
Stock market performance
Average weekly jobless claims
#2
What does the Consumer Price Index (CPI) measure?
Inflation
Unemployment
Consumer spending
Stock market performance
#3
What does the term 'Economic Indicators' refer to?
Factors that influence consumer behavior
Quantitative data used to gauge economic activity
Interest rates set by central banks
Government policies aimed at regulating business operations
#4
What is the purpose of the balance of trade indicator?
To measure the value of goods and services produced within a country
To track the difference between exports and imports of a country
To gauge the level of inflation within a country
To assess the stability of the currency exchange rate
#5
Which of the following is not a measure of economic growth?
Gross Domestic Product (GDP)
Gross National Product (GNP)
Net National Product (NNP)
Consumer Price Index (CPI)
#6
Which economic indicator is considered a lagging indicator?
Unemployment rate
Consumer Price Index (CPI)
Industrial production index
New housing starts
#7
What does the Purchasing Managers Index (PMI) measure?
Consumer confidence
Business activity
Gross Domestic Product (GDP)
Inflation
#8
What is the primary purpose of the Federal Reserve System in the United States?
Regulating international trade
Stabilizing the economy
Controlling fiscal policy
Managing foreign exchange rates
#9
Which of the following is not a component of the Business Cycle?
Expansion
Recession
Stagnation
Recovery
#10
What is the significance of the unemployment rate as an economic indicator?
It measures the percentage of people in the labor force who are employed.
It reflects the percentage of people who are not in the labor force.
It indicates the health of the labor market and economy.
It measures the number of discouraged workers.
#11
Which of the following is not a component of Gross Domestic Product (GDP)?
Consumer spending
Government spending
Net exports
Corporate profits
#12
What is the primary objective of monetary policy?
Stimulating economic growth
Controlling inflation
Regulating international trade
Balancing the budget
#13
Which of the following is an example of a fiscal policy tool?
Open market operations
Setting reserve requirements
Government spending
Adjusting the discount rate
#14
What does the term 'GDP per capita' represent?
Total output of goods and services in a country
Average income of individuals in a country
Inflation-adjusted economic growth rate
Value of exports minus imports
#15
Which economic indicator is often used as a measure of a country's standard of living?
Unemployment rate
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Producer Price Index (PPI)