30 Questions
What was the primary objective of 'creative accounting' employed by governments?
To circumvent fiscal rules and meet qualification requirements
What is an advantage of using official statistics and secondary data sources?
They offer standardized, reliable, and accessible data for comparative analysis.
What issue did the collaboration between producers of official statistics and creative accounting practices raise?
Potential political or policy interference
What is a limitation of official statistics and secondary data sources?
They may be subject to limitations in coverage, accuracy, and consistency.
What is the main limitation of the current European Statistical System (ESS)?
Autonomous national-level production of statistics with occasional external surveillance
What is an example of secondary data?
GDP data published by a national statistical office.
What is the proposed solution to address the inadequacies of the current European Statistical System (ESS)?
Transition to a new, integrated ESS with harmonized production of statistics
What is the primary purpose of qualitative methods?
To provide insights into the context, meanings, and experiences underlying socio-economic indicators.
What would be the result of a paradigm shift towards a new, integrated European Statistical System (ESS)?
Harmonized and efficient production of statistics at the EU level
What is a benefit of using qualitative methods?
They offer a holistic understanding of complex issues and perceptions.
What is a key aspect of the proposed new, integrated European Statistical System (ESS)?
Pooling resources and ensuring professional independence and accountability
Why is it important to evaluate the quality of official statistics and secondary data sources?
To identify potential limitations in coverage, accuracy, and consistency.
What is the primary purpose of macroeconomic indicators?
To provide a comprehensive view of economic activity for informed decision-making
Which macroeconomic indicator measures the total value of goods and services produced within a country's borders?
Gross Domestic Product (GDP)
What does the unemployment rate reflect in the economy?
The extent to which resources, particularly labor, are being utilized
What is the Consumer Price Index (CPI) used to measure?
The average change in prices of a basket of goods and services
What is the benefit of macroeconomic indicators in economic governance?
To enhance transparency and accountability
What can country A consider doing if it has a lower number of a certain good compared to country B?
Specializing in other goods
What do macroeconomic indicators contribute to?
The advancement of economic theory and empirical analysis
What is a result of a change in the labor market?
Old jobs are replaced by new ones
How can labor productivity be measured?
GDP per working hour
Which country has the highest GDP per working hour?
Ireland
What does the poverty rate measure?
The percentage of people living below the poverty line
What is the poverty rate in Spain in 2020?
3.10%
What is the purpose of excluding intermediate goods and services in the calculation of GDP?
To avoid double counting
What is included in the GDP of a country, regardless of national origin?
Production generated by all companies operating within its borders
What is the difference between flow and stock variables?
Flow variables express a value realized over time, while stock variables express an accumulated value at a given moment
What is an example of a flow variable?
Consumption
What is the relationship between flow and stock variables?
A stock variable can be fed by a flow variable, and the latter can be the result of a stock variable
What is the time period required to measure the value of a flow variable?
Two time cut-offs
This quiz covers the concept of creative accounting and its application in circumventing fiscal rules. It explores examples of one-off measures and accounting tricks used for EMU membership qualification. Additionally, it touches on the collaboration of producers of official statistics and public perception of creative accounting practices.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
