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Bloomberg Market Concepts (BMC) Exam:
Economic | Latest 2026/2027 Update | Practice
Questions & Verified Answers | Grade A Study
Guide
What are the two qualities of good economic indicators?
Timeliness and ability to predict the economic performance
Economic indicators are used to gauge...
economic growth
What has been the jump in world GDP over the last 50 years?
$2 T to $79 T
By how much has the global GDP been compounding annually?
8%
Which measurement is an indicator of the health of the economy?
GDP
GDP provides a backdrop to all ...... and to ..............
investing; financial market
The health of the economy sets the climate for ....
investing
Economic growth underpins what 3 things?
revenue growth across industries, growth in financial markets and growth in the finance industry
Who are 4 main groups interested in the economic activity measures?
consumers, business leaders, investors and politicians
Measurement of economic activity...
evolves
What are the two things the government change in regards to GDP measurement?
scope and criteria
, When did Italy decide to include the black market in their GDP calculation?
1987
How much did Italy's GDP rise after including the Black Market in the calculations?
17%
In 2013/2014 what did the US include in their GDP calculations?
tech sector
What did Nigeria include in their GDP calculation that caused it to grow by 89%?
Nollywood
What are the 5 most important economic indicators?
economic growth, inflation, unemployment, business confidence, housing
What is the first thing any investor wants to know when examining an economy?
percentage change in GDP between years
What two criteria do you use to measure economic growth?
GDP and changes in GDP
Which would an investor first consider, GDP or changes in GDP?
Changes in GDP
Nominal GDP =
inflation + real GDP
Define GDP
market value of all final goods and services produced in an economy
To be an effective measure, GDP must measure ...... ........... habit of an economy.
true spending
GDP =
C + I + G + (X - M)
Define inflation
general increase in price of goods and services which diminish the purchasing power of buying
the goods and services
Bloomberg Market Concepts (BMC) Exam:
Economic | Latest 2026/2027 Update | Practice
Questions & Verified Answers | Grade A Study
Guide
What are the two qualities of good economic indicators?
Timeliness and ability to predict the economic performance
Economic indicators are used to gauge...
economic growth
What has been the jump in world GDP over the last 50 years?
$2 T to $79 T
By how much has the global GDP been compounding annually?
8%
Which measurement is an indicator of the health of the economy?
GDP
GDP provides a backdrop to all ...... and to ..............
investing; financial market
The health of the economy sets the climate for ....
investing
Economic growth underpins what 3 things?
revenue growth across industries, growth in financial markets and growth in the finance industry
Who are 4 main groups interested in the economic activity measures?
consumers, business leaders, investors and politicians
Measurement of economic activity...
evolves
What are the two things the government change in regards to GDP measurement?
scope and criteria
, When did Italy decide to include the black market in their GDP calculation?
1987
How much did Italy's GDP rise after including the Black Market in the calculations?
17%
In 2013/2014 what did the US include in their GDP calculations?
tech sector
What did Nigeria include in their GDP calculation that caused it to grow by 89%?
Nollywood
What are the 5 most important economic indicators?
economic growth, inflation, unemployment, business confidence, housing
What is the first thing any investor wants to know when examining an economy?
percentage change in GDP between years
What two criteria do you use to measure economic growth?
GDP and changes in GDP
Which would an investor first consider, GDP or changes in GDP?
Changes in GDP
Nominal GDP =
inflation + real GDP
Define GDP
market value of all final goods and services produced in an economy
To be an effective measure, GDP must measure ...... ........... habit of an economy.
true spending
GDP =
C + I + G + (X - M)
Define inflation
general increase in price of goods and services which diminish the purchasing power of buying
the goods and services
