Test “Additional Economic Indicators”

Test: Additional Economic Indicators

1 / 6

What does the unemployment rate measure?

a) It determines the number of layoffs

b) The productivity coefficient

c) It measures the number of workers and employees who are out of work

2 / 6

What does GDP measure?

a) Improvement in living standards over a certain period of time

b) The sum of consumer and investor spending, international trade, and government expenditure

c) Deterioration in living standards over a certain period of time

d) All options are correct

3 / 6

Who usually issues economic growth forecasts?

a) Statistics departments

b) Government agencies

c) Investment banks

4 / 6

What do retail sales measure?

a) Total consumer spending

b) Quantity of individually sold products

c) Total amount of sold products

d) Efficiency of selling goods

5 / 6

What is involved in the home selling process?

a) Selling homes

b) Building homes

c) Obtaining permits

6 / 6

What is a trade deficit?

a) Predominance of export over import

b) Predominance of import over export

c) Absence of export

d) Absence of import

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