Questions with correct answers
What are the two qualities of good economic indicators? Correct
Answer-Timeliness and ability to predict the economic performance
Economic indicators are used to gauge... Correct Answer-economic
growth
What has been the jump in world GDP over the last 50 years? Correct
Answer-$2 T to $79 T
By how much has the global GDP been compounding annually? Correct
Answer-8%
Which measurement is an indicator of the health of the economy?
Correct Answer-GDP
GDP provides a backdrop to all ...... and to .............. Correct Answer-
investing; financial market
The health of the economy sets the climate for .... Correct Answer-
investing
Economic growth underpins what 3 things? Correct Answer-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?
Correct Answer-consumers, business leaders, investors and politicians
Measurement of economic activity... Correct Answer-evolves
What are the two things the government change in regards to GDP
measurement? Correct Answer-scope and criteria
When did Italy decide to include the black market in their GDP
calculation? Correct Answer-1987
How much did Italy's GDP rise after including the Black Market in the
calculations? Correct Answer-17%
In 2013/2014 what did the US include in their GDP calculations?
Correct Answer-tech sector
What did Nigeria include in their GDP calculation that caused it to grow
by 89%? Correct Answer-Nollywood
What are the 5 most important economic indicators? Correct Answer-
economic growth, inflation, unemployment, business confidence,
housing