Economic Indicators Quiz
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Questions and Answers

What does the Gross Domestic Product (GDP) help assess?

  • Consumer price index and producer price index
  • Economic growth rate, standard of living, and economic well-being (correct)
  • Inflation rate and labor market health
  • Monetary policy decisions and consumer spending

    • What does a high unemployment rate signal?

  • Economic distress (correct)
  • Healthy job market
  • Increased consumer spending
  • Inflationary press

    • What does monitoring inflation help central banks do?

  • Measure changes in producer prices
  • Make monetary policy decisions (correct)
  • Understand consumer prices
  • Assess economic growth rate

    • What does the Consumer Price Index (CPI) measure?

    <p>Changes in consumer prices</p> Signup and view all the answers

    What can the Producer Price Index (PPI) signal?

    <p>Inflationary press</p> Signup and view all the answers

    What does the Gross Domestic Product (GDP) help assess?

    <p>Economic growth rate, standard of living, and general economic well-being</p> Signup and view all the answers

    What does the Unemployment Rate indicate?

    <p>Health of the labor market</p> Signup and view all the answers

    What does the Inflation Rate erode?

    <p>Purchasing power of money</p> Signup and view all the answers

    What does the Consumer Price Index (CPI) measure?

    <p>Changes in consumer prices</p> Signup and view all the answers

    What can the Producer Price Index (PPI) signal?

    <p>Inflationary pressure</p> Signup and view all the answers

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