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Two Minute Tips
Chapter 16: Economics Quiz
Test your knowledge of the economics chapter material!
1 / 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.
Correct!
2 / 10
True or false: You need to specify if figures are nominal or real in your reporting.
Read more on page 174.
3 / 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.
4 / 10
Who is included in unemployment rate calculations?
Answer can be found on page 175.
5 / 10
True or false: The terms “deficit” and “debt” are interchangeable.
6 / 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.
7 / 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.
8 / 10
Which of the following is a resource that includes definitions of economic and financial terms?
9 / 10
Which of the following is something you might want to ask a statistician?
Answer can be found on page 171.
10 / 10
How do “real” and “nominal” figures relate to inflation?
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