#1
Which of the following is not considered a leading economic indicator?
Gross Domestic Product (GDP)
ExplanationGDP is a lagging indicator.
#2
Which economic indicator measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services?
Consumer Price Index (CPI)
ExplanationCPI tracks inflation.
#3
Which of the following is not a measure of unemployment?
Consumer Price Index (CPI)
ExplanationCPI measures inflation, not unemployment.
#4
What does the term 'Inflation' refer to in economics?
Increase in the overall level of prices of goods and services
ExplanationGeneral rise in prices.
#5
Which of the following is NOT a component of the Consumer Price Index (CPI)?
Government spending
ExplanationCPI reflects consumer prices.
#6
What does the term 'yield curve' represent in economic terms?
The graphical representation of bond yields across different maturities
ExplanationIt shows interest rate trends.
#7
Which of the following is not a component of calculating Gross Domestic Product (GDP)?
Unemployment rate
ExplanationUnemployment rate is a separate metric.
#8
Which of the following is a measure of income inequality within a population?
Gini Coefficient
ExplanationQuantifies income distribution.
#9
What does the term 'Balance of Trade' represent?
The difference between exports and imports of goods
ExplanationTrade surplus or deficit.
#10
What does the term 'Recession' refer to in economics?
A temporary decline in economic activity
ExplanationNegative GDP growth for two quarters.
#11
What does the Purchasing Managers' Index (PMI) measure?
The level of manufacturing activity in an economy
ExplanationIndicates economic health of manufacturing.
#12
What is the primary objective of fiscal policy?
To manage government revenue and expenditure to influence the economy
ExplanationControl economic growth.
#13
What is the 'Phillips Curve' in economics?
A graphical representation of the relationship between unemployment and inflation
ExplanationShows inverse relationship.
#14
What is the primary purpose of the Consumer Confidence Index (CCI)?
To measure the level of consumer optimism and pessimism about the economy
ExplanationIndicator of consumer spending.
#15
Which economic indicator measures the level of employment in an economy?
Unemployment Rate
ExplanationPercentage of jobless people.