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Bloomberg Market Concepts (BMC) Exam
Prep | Latest 2026/2027 Update | Practice
Questions & Verified Answers | Grade A
What is the formula for GDP?
C+I+G+(X-M)
In the US, why is there a strong relationship between unemployment and GDP?
Consumer spending accounts for 2/3's of the US economy. When the number of unemployed
consumers rises, there is less consumer spending.
What typically happens to nonfarm payrolls, the PMI indicator, and the housing starts at the
onset of a recession in the Untied States?
Nonfarm payrolls go DOWN, the PMI indicator goes DOWN, the housing starts goes DOWN
Which of the following qualities of economic indicators do investors prize the most?
Timeliness of release
Why is the release of GDP statistics less interesting to investors than the release of other
economic indicators?
Becuase GDP stats are released well after other economic indicators
Which of the following important U.S. economic indicators is only available on a quarterly
basis?
GDP
Which economic indicator is most directly linked to the average person's cost of living?
CPI
What is the main reason that investment banks create estimates of economic indicators?
To know when specific economic data points are a positive or negative surprise.
Which of the following is the biggest pitfall of economic indicators?
They are not sufficiently timely to make informed investment decisions
Which of the following is an example of a successful peg?
Hong Kong dollar against U.S. dollar in 1997
Bloomberg Market Concepts (BMC) Exam
Prep | Latest 2026/2027 Update | Practice
Questions & Verified Answers | Grade A
What is the formula for GDP?
C+I+G+(X-M)
In the US, why is there a strong relationship between unemployment and GDP?
Consumer spending accounts for 2/3's of the US economy. When the number of unemployed
consumers rises, there is less consumer spending.
What typically happens to nonfarm payrolls, the PMI indicator, and the housing starts at the
onset of a recession in the Untied States?
Nonfarm payrolls go DOWN, the PMI indicator goes DOWN, the housing starts goes DOWN
Which of the following qualities of economic indicators do investors prize the most?
Timeliness of release
Why is the release of GDP statistics less interesting to investors than the release of other
economic indicators?
Becuase GDP stats are released well after other economic indicators
Which of the following important U.S. economic indicators is only available on a quarterly
basis?
GDP
Which economic indicator is most directly linked to the average person's cost of living?
CPI
What is the main reason that investment banks create estimates of economic indicators?
To know when specific economic data points are a positive or negative surprise.
Which of the following is the biggest pitfall of economic indicators?
They are not sufficiently timely to make informed investment decisions
Which of the following is an example of a successful peg?
Hong Kong dollar against U.S. dollar in 1997
