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Chapter 16: Economics Quiz
Test your knowledge of the economics chapter material!
1 / 10
Who is included in unemployment rate calculations?
Answer can be found on page 175.
Correct!
2 / 10
The government’s use of taxation and spending activities to influence the economy is called:
3 / 10
What is the key measurement of the size of an economy?
Answer can be found on page 170.
4 / 10
True or false: Inflation is measured by the Consumer Price Index.
Inflation is measured by percentage changes in the CPI over a specific period, not the CPI itself. Read more on page 174.
Correct! Inflation is measured by percentage changes in the CPI over a specific period, not the CPI itself.
5 / 10
True or false: You need to specify if figures are nominal or real in your reporting.
Read more on page 174.
6 / 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.
7 / 10
What do you call the money that banks hold as cash in their vaults or as deposits with the Fed?
8 / 10
Which of the following is a resource that includes definitions of economic and financial terms?
9 / 10
What is a matcher story?
Answer can be found on page 172.
10 / 10
What does a basis point represent?
Answer can be found on page 174.
Correct! For example, 100 basis points would equal 1%.
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