Unit 11: Economic Indicators

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The most commonly referenced indicator of economic activity is

GDP.

The economic indicator that reflects activity of U.S. entities without regard to where the activity takes place is

GNP.

Which of the following is a coincident indicator?

Household income

Which of the following is a lagging indicator?

Increase in the consumer loans to personal income ratio

Which of the following is a leading indicator?

New orders for consumer goods

All the following are coincident indicators except

changes in durable goods inventories.

The monthly unemployment figure is considered a

coincident indicator.

All of these are leading economic indicators except

duration of unemployment.

A measure of a nation's citizen's economic activity is

gross national product.

Stagnation in the economy can be associated with

high unemployment.

An economic event where consumers experience an extreme increase in the cost of goods in a short period is

hyperinflation.

When consumer prices are increasing at a steady but reasonable rate this is considered a healthy level of

inflation.

An economic indicator that tends to change direction following a change in the direction of GDP is a

lagging indicator.

An analyst is trying to determine upcoming economic activity to better determine her recommended investment strategy. She would be most interested in

leading indicators.

All the following are lagging indicators except

personal income.

All the following are leading indicators except

personal income.

Economic growth has slowed to a halt with little consumer demand, but prices for goods and services are still rising. This is known as economic

stagflation.

Increasing cost of goods and services and high unemployment are characteristics of

stagflation.

The economy is showing that employment is low, there is little consumer demand, and loans for expansion and retooling are way down, showing a lack of business activity. Yet prices for consumer goods are still rising. Economists would call this a period of

stagflation.

The nation is experiencing a rapid increase in the cost of living, but wages are not keeping pace with the increase in cost. The nation is experiencing

stagflation.

Economic reports show that there is a general rise in prices for consumer goods and a high unemployment rate occurring simultaneously. This combination can best be described as

stagnation

An extended period of little or no growth in GDP, wages, and prices is a period of

stagnation.

Several months of slow economic growth and rising unemployment have characterized the economy. Market analysts would describe this as a period of

stagnation.

The most common way of measuring purchasing power risk is

the CPI.

The consumer price index is a measure of

the change in prices.


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