Economic Indicators Quiz
Test your understanding of economic indicators with our quiz. From CPI to GNP, gauge your grasp on macroeconomics in 12 questions.
#1
Which of the following is NOT considered an economic indicator?
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Human Development Index (HDI)
Automobile Fuel Efficiency
#2
What does the Consumer Price Index (CPI) measure?
Unemployment rate
Inflation rate
Economic growth
Interest rates
#3
Which economic indicator is used to measure the total value of goods and services produced within a country in a given period?
Inflation rate
Gross Domestic Product (GDP)
Trade balance
Consumer Price Index (CPI)
#4
What does the term 'Leading Indicator' refer to in economics?
An indicator that predicts future economic trends
An indicator that reflects current economic conditions
An indicator that measures past economic performance
An indicator that shows the overall health of the economy
#5
Which of the following economic indicators is typically used to gauge consumer confidence?
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Retail Sales
Trade Balance
#6
What does the term 'Recession' refer to in economics?
A period of sustained economic growth
A period of declining economic activity
A period of stable economic conditions
A period of high inflation
#7
Which economic indicator measures the level of prices of a fixed basket of goods and services purchased by households?
Gross Domestic Product (GDP)
Producer Price Index (PPI)
Consumer Price Index (CPI)
Retail Sales
#8
Which of the following is NOT a component of the unemployment rate calculation?
Frictional unemployment
Structural unemployment
Cyclical unemployment
Voluntary unemployment
#9
What does the term 'Gini Coefficient' measure?
Income inequality
Unemployment rate
Gross Domestic Product (GDP)
Inflation rate
#10
Which of the following indicators is used to measure the health of the manufacturing sector?
Consumer Confidence Index
Purchasing Managers' Index (PMI)
Retail Sales
Business Investment
#11
What is the Phillips Curve used to illustrate?
The relationship between inflation and unemployment
The relationship between government spending and economic growth
The impact of interest rates on investment
The effect of trade policies on international trade balances
#12
Which of the following is NOT a measure of economic inequality?
Gini Coefficient
Lorenz Curve
Human Development Index (HDI)
Income Quintile Ratio
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