Understanding Economic Indicators and Measures Quiz
Test your understanding of economic indicators with questions on GDP, CPI, unemployment, and more. Challenge yourself now!
#1
What does the Inflation Rate measure?
Change in consumer spending
Change in the overall level of prices
Change in government debt
Change in stock market values
#2
Which of the following is NOT a measure of unemployment?
Unemployment Rate
Labor Force Participation Rate
Jobless Claims
Consumer Confidence Index (CCI)
#3
What is the primary purpose of the Gross Domestic Product (GDP)?
To measure the total output of goods and services
To measure inflation
To measure unemployment levels
To measure consumer confidence
#4
What is the meaning of a 'recession' in economic terms?
A period of economic growth
A sustained decline in economic activity
An increase in inflation
An increase in consumer spending
#5
Which economic indicator reflects the overall health of the labor market?
Consumer Confidence Index (CCI)
Unemployment Rate
Purchasing Managers' Index (PMI)
Gross Domestic Product (GDP)
#6
Which of the following is considered a leading economic indicator?
Consumer Price Index (CPI)
Gross Domestic Product (GDP)
Stock Market Index
Unemployment Rate
#7
What does the Consumer Confidence Index (CCI) measure?
Inflation expectations
Consumer spending intentions
Interest rate fluctuations
Unemployment levels
#8
What does the Purchasing Managers' Index (PMI) measure?
Consumer confidence
Manufacturing sector activity
Inflation rate
Gross Domestic Product (GDP) growth
#9
What does the Producer Price Index (PPI) measure?
Consumer spending
Inflation at the retail level
Inflation at the wholesale level
Gross Domestic Product (GDP) growth
#10
Which of the following is a lagging economic indicator?
Stock Market Index
Consumer Confidence Index (CCI)
Initial Jobless Claims
Gross Domestic Product (GDP)
#11
Which economic indicator is often referred to as the 'mother of all indicators'?
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Employment Situation Report
Leading Economic Index (LEI)
#12
Which of the following is not a component of the Composite Index of Leading Economic Indicators?
Average weekly hours worked
New housing permits
Industrial production
Unemployment rate
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