#1
Which of the following is NOT considered an economic indicator?
Population Growth Rate
ExplanationPopulation Growth Rate is a demographic indicator, not an economic one.
#2
What does the Gross Domestic Product (GDP) measure?
The total value of goods and services produced within a country's borders in a specific period
ExplanationGDP measures a country's economic output.
#3
Which economic indicator measures the overall health of the labor market?
Unemployment Rate
ExplanationUnemployment Rate reflects the percentage of the labor force without jobs.
#4
What does the Consumer Price Index (CPI) measure?
The average change over time in the prices paid by urban consumers for a market basket of consumer goods and services
ExplanationCPI gauges inflation by tracking consumer price changes.
#5
Which of the following is a leading economic indicator?
Stock Market Index
ExplanationStock Market Index predicts economic trends.
#6
What does the Producer Price Index (PPI) measure?
The average change over time in the prices received by domestic producers for their output
ExplanationPPI monitors changes in producer prices over time.
#7
Which economic indicator is used to measure changes in the level of economic activity in a specific region?
Retail Sales
ExplanationRetail Sales track changes in regional economic activity.
#8
Which of the following economic indicators is used to measure the level of consumer optimism or pessimism about the state of the economy?
Consumer Confidence Index (CCI)
ExplanationCCI assesses consumer sentiment regarding the economy.
#9
What is the significance of the Purchasing Managers' Index (PMI) as an economic indicator?
It measures changes in business activity in the manufacturing sector
ExplanationPMI indicates shifts in manufacturing sector activity.
#10
What is the significance of the Money Supply (M2) as an economic indicator?
It measures the total amount of money circulating in the economy
ExplanationM2 tracks the total money in circulation.
#11
What does the term 'yield curve' represent in the context of economic indicators?
A graphical representation of the relationship between bond yields and their maturity dates
ExplanationYield curve shows bond yield and maturity correlation.
#12
What is the significance of the Balance of Trade as an economic indicator?
It measures the difference between a country's exports and imports of goods
ExplanationBalance of Trade assesses the trade surplus or deficit.
#13
What does the term 'capacity utilization rate' refer to in the context of economic indicators?
A measure of the percentage of available resources that are being used by businesses
ExplanationCapacity Utilization Rate indicates resource usage.
#14
What is the significance of the Housing Starts indicator in the context of economic analysis?
It measures the total number of homes that began construction in a specific period
ExplanationHousing Starts indicates the construction of new homes.