BMC Knowledge Checks
In 2015, an accounting gimmick gave Ireland a country
26% growth rate in GDP. What does this even
reflect about the nature of GDP? -
ANSWER -If the measurement of economic GP - ANSWER -price chart used to identify
activity evolves, GDP can change. trends and market patterns
5 essential economic indicators - WECO - ANSWER -shows economic
ANSWER -Economic growth calendars, events, and releases by country
Inflation
Unemployment
Business Confidence ECOS - ANSWER -provides full details
Housing behind economist estimates for calendar
releases
economic growth - ANSWER -the ability of
the economy to increase the production of goods ECFC - ANSWER -displays economic
and services forecasts for identifying trends in global
economies
GDP = ? - ANSWER -C + I + G + (X-M)
ECSU - ANSWER -Estimates changes in
the economy and financial market
Consider the formula GDP = C + I + G + (X - M),
A country is udnergoing a boom in consumption
of domestic and foreign luxury goods. In one three takeaways - ANSWER -1. Real GDP
year, the dollar growth in imports is greater than growth is the main measure of an economy
the dollar growth in domestic consumption. 2. More timely indicators offer the most insight to
Assuming nothing else has changed, what investors
happened to GDP? - ANSWER -It went 3. Indicators can foretell turning points in the
down; As imports act as a drag on GDP, the economy.
larger growth in imports offsets the growth in
consumption, thereby causing GDP to decline.
ECTR - ANSWER -interactive trade flow
map
NH - ANSWER -Shows a real-time scroll of
new headlines
FXCA - ANSWER -currency conversion
calculator
ECST S - ANSWER -provides economic
data with context and customizable graphs
PEG - ANSWER -table of currencies linked
to other currencies
ECOW - ANSWER -provides
comprehensive data on economic indicators by
1/2
In 2015, an accounting gimmick gave Ireland a country
26% growth rate in GDP. What does this even
reflect about the nature of GDP? -
ANSWER -If the measurement of economic GP - ANSWER -price chart used to identify
activity evolves, GDP can change. trends and market patterns
5 essential economic indicators - WECO - ANSWER -shows economic
ANSWER -Economic growth calendars, events, and releases by country
Inflation
Unemployment
Business Confidence ECOS - ANSWER -provides full details
Housing behind economist estimates for calendar
releases
economic growth - ANSWER -the ability of
the economy to increase the production of goods ECFC - ANSWER -displays economic
and services forecasts for identifying trends in global
economies
GDP = ? - ANSWER -C + I + G + (X-M)
ECSU - ANSWER -Estimates changes in
the economy and financial market
Consider the formula GDP = C + I + G + (X - M),
A country is udnergoing a boom in consumption
of domestic and foreign luxury goods. In one three takeaways - ANSWER -1. Real GDP
year, the dollar growth in imports is greater than growth is the main measure of an economy
the dollar growth in domestic consumption. 2. More timely indicators offer the most insight to
Assuming nothing else has changed, what investors
happened to GDP? - ANSWER -It went 3. Indicators can foretell turning points in the
down; As imports act as a drag on GDP, the economy.
larger growth in imports offsets the growth in
consumption, thereby causing GDP to decline.
ECTR - ANSWER -interactive trade flow
map
NH - ANSWER -Shows a real-time scroll of
new headlines
FXCA - ANSWER -currency conversion
calculator
ECST S - ANSWER -provides economic
data with context and customizable graphs
PEG - ANSWER -table of currencies linked
to other currencies
ECOW - ANSWER -provides
comprehensive data on economic indicators by
1/2
