TH » Test: Additional Economic Indicators

Test: Additional Economic Indicators

Question 01: What does the unemployment rate measure?

a) It determines the number of layoffs

b) The productivity coefficient

c) It measures the number of workers and employees who are out of work

Question 02: What does GDP measure?

a) Improvement in living standards over a certain period of time

b) The sum of consumer and investor spending, international trade, and government expenditure

c) Deterioration in living standards over a certain period of time

d) All options are correct

Question 03: Who usually issues economic growth forecasts?

a) Statistics departments

b) Government agencies

c) Investment banks

Question 04: What do retail sales measure?

a) Total consumer spending

b) Quantity of individually sold products

c) Total amount of sold products

d) Efficiency of selling goods

Question 05: What is involved in the home selling process?

a) Selling homes

b) Building homes

c) Obtaining permits

Question 06: What is a trade deficit?

a) Predominance of export over import

b) Predominance of import over export

c) Absence of export

d) Absence of import

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