BMC Exam Questions and Answers | Latest Version () | Already Verified Answers

What typically happens to nonfarm payrolls, the PMI indicator, and housing starts at the onset of a recession in the United States? ----ANSWER-----Nonfarm payrolls go down, the PMI indicator goes DOWN, the housing starts goes down. Here is the most important economic data for Australia and Sweden. which economy did better year-over-year (YOY) in the fourth quarter of 2013 compared to the fourth quarter of 2012? Use the two charts to investigate. ----ANSWER-----Sweden performed better What is the median estimate for the number of Japanese yen per euro for calendar year 2020? ----ANSWER-----126 Consider the formula GDP = C+I+G+(X-M). A country is undergoing a boom in consumption of domestic and foreign luxury goods. In one year, the dollar growth in imports is greater than the dollar growth in domestic consumption. Assuming nothing else has changed, what happened to GDP? ----ANSWER-----It went down Why is the release of GDP statistics less interesting to investors than the release of other economic indicators? ----ANSWER-----Because GDP statistics are released well after other economic indicators. In the United States, why is there a strong correlation between unemployment and GDP? ----ANSWER-----Consumer spending accounts for two-thirds of the U.S. economy when the number of unemployed consumers rises, there is less consumer spending. Which driver weakened the Swiss franc? (C) ----ANSWER-----a) A surprise change in net export expectations b)A surprise change in interest rates expectations c)A surprise change in inflation expectations d)A surprise change in valuation expectations