Economics > EXAM REVIEW > Bloomberg Economic Indicators test, solved 100%; distinction solution guide. Questions and answers (All)
Bloomberg Economic Indicators test, solved 100%; distinction solution guide. Questions and answers. Rated A+
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How accurately do GDP statistics portray the economy and why? - Ans-Inaccurately because the scope of GDP measurements can change Consider the formula GDP=C+I+G+(X-M). A country is undergoing a boo... m in consumption of domestic and foreign luxury goods. In one year, the dollar growth in imports is greater than the dollar growth in domestic consumption. Assuming nothing else has changed, what happened to GDP> - Ans-It went down Here is the most important economic data for Australia and Sweden. Which economy did better year-over-year (YOY) ion the 4th quarter of 3012 compared to the 4th quarter in 2012? Use charts - Ans-Sweden In the US, whys is there a strong correlation between unemployment and GDP? - Ans-Consumer spending accounts for 2/3 of the US economy. When the number of unemployment rises, there is less consumer spending. [Show More]
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