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Chapter 16: Economics Quiz
Test your knowledge of the economics chapter material!
1 / 10
The government’s use of interest rates or availability of credit 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
True or false: The Consumer Price Index (CPI) data is available by state.
A lot of the national data is also prepared by state governments at the state level. Read more on page 172.
Correct! A lot of the national data is also prepared by state governments at the state level.
5 / 10
How do “real” and “nominal” figures relate to inflation?
6 / 10
True or false: The terms “deficit” and “debt” are interchangeable.
Read more on page 174.
7 / 10
The government’s use of taxation and spending activities to influence the economy is called:
8 / 10
What does a basis point represent?
Answer can be found on page 174.
Correct! For example, 100 basis points would equal 1%.
9 / 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.
10 / 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.
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