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Two Minute Tips
Chapter 16: Economics Quiz
Test your knowledge of the economics chapter material!
1 / 10
The government’s use of taxation and spending activities to influence the economy is called:
Answer can be found on page 175.
Correct!
2 / 10
True or false: You must have formal economics training to cover the economics beat properly.
Reporters who don’t have formal economics training can still do a great job covering the economics beat. Read more on page 170.
Correct! Reporters who don’t have formal economics training can still do a great job covering the economics beat.
3 / 10
True or false: You should only report what press releases and experts say when it comes to statistics and trends.
If you keep track of the numbers, you can compare figures from previous years and look for trends that may not be otherwise reported. Read more on page 171.
Correct! If you keep track of the numbers, you can compare figures from previous years and look for trends that may not be otherwise reported.
4 / 10
What does a basis point represent?
Answer can be found on page 174.
Correct! For example, 100 basis points would equal 1%.
5 / 10
The Fed regularly publishes a book reviewing economic conditions across the country. What is this book known as?
Answer can be found on page 172.
6 / 10
True or false: You need to specify if figures are nominal or real in your reporting.
Read more on page 174.
7 / 10
What is a matcher story?
8 / 10
True or false: If you’re a local economic reporter, you should ignore national economic indicators.
You can still find ways to see how these international or national trends impact your local area. Read more on page 172.
Correct! You can still find ways to see how these national trends relate to your local area.
9 / 10
True or false: Data on international trade can have strong local angles.
Read more on page 173.
Correct! The local angles may not be obvious at first, but get out and talk to local businesses, consumers, and experts.
10 / 10
What is the key measurement of the size of an economy?
Answer can be found on page 170.
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