Economic Indicators and Factors Quiz
Test your knowledge of GDP, CPI, economic growth, and more with these questions on leading and lagging indicators in macroeconomics.
#1
Which of the following is NOT a leading economic indicator?
Consumer confidence index
Unemployment rate
Stock market performance
Average weekly jobless claims
#2
Gross Domestic Product (GDP) measures:
Total value of goods and services produced in a country
Total income earned by citizens of a country
Total government spending
Total value of exports minus imports
#3
Which of the following is NOT considered a component of GDP?
Government spending
Investment
Net exports
Household savings
#4
Which of the following is a lagging economic indicator?
Consumer spending
Housing starts
Inflation rate
Average duration of unemployment
#5
The Consumer Price Index (CPI) measures changes in:
The cost of a fixed basket of goods and services
The level of consumer satisfaction
The quantity of goods and services produced
The total income earned by households
#6
Which of the following is a measure of income inequality?
Gini coefficient
Consumer Price Index
Gross Domestic Product
Labor force participation rate
#7
Which of the following factors does NOT affect economic growth?
Investment in human capital
Technological advancements
Government regulations
Natural disasters
#8
What is the 'Phillips Curve' used to illustrate?
The relationship between inflation and unemployment
The relationship between government spending and economic growth
The relationship between interest rates and investment
The relationship between exports and imports
#9
Which of the following is NOT a component of the Balance of Payments?
Current account
Capital account
Financial account
Fiscal account
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