BMC Answers (Bloomberg) Latest 2020/2021

1 BMC Answers (Bloomberg) Latest 2020/2021, Complete solu Rated Study Guide) University of Massachusetts, Low Bloomberg Answers Economic Indicators The Primacy of GDP (30 min.) Knowledge Check 1 How accurately do GDP statistics portray the economy and why? • Inaccurately because the scope of GDP measurements can change. Knowledge Check 2 Consider the formula GDP = C + I + (X- M). A country is undergoing a boom in con domestic and foreign luxury goods. In one year, the dollar growth in imports is gr dollar growth in domestic consumption. Assuming nothing else has changed, wha GDP? • It went down. Knowledge Check 3 Here is the most important economic data for Australia and Sweden. Which econ better year-over-year (YOY) in the fourth quarter of 2013 compared to the fourt 2012? Use the two charts to investigate. • Sweden performed better. Knowledge Check 4 In the US, why is there a strong correlation between unemployment and GDP? • Consumer spending accounts for two-thirds of the U.S. economy. When th of unemployed consumers rises, there is less consumer spending. SECTION QUIZ 1. Here is a chart showing both nominal GDP growth and real GDP growth fo country. Which of the following can be a true statement at the time the captured? a. The country has deflation. The bottom line is nominal growth and the t real growth. 2. Which of the following lines is the best leading economic factor? a. PMI 3. The “misery index” is often cited in the media as a way to measure con pain. It is defined as the inflation rate plus the unemployment rate. Review the country with the highest “misery index.” a. Argentina Downloaded by: NewAcademicsSolutions | 2 4. What typicallyDihstraibputpioneonf st hi stdoocnumoenn tfias irllemgalpayrolls, the PMI indicator, and housi f i S ?