2023 Bloomberg Market Concepts ( BMC ) Exam 3 Get A+ Guaranteed with New Qs & As!

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1. gross domestic product (GDP) Answer: market value of all final goods and servicesproduced within a country GDP = C + I + G + (X-M) C= personal consumptionI = private investment G = government s... pendingX = exports M = imports (C = 2/3 of US GDP) provides backdrop for investing bc is a measure of all economic activity "actual GDP growth has entirely lost its capacity to surprise... leading indicators... PMI garners disproportionate attention" 2. nominal GDP vs real GDP Answer: nominal GDP = $ amount of GDPreal GDP growth = nominal GDP growth - inflation (isolates increases in production and/or increases in prices of goods&services) 3. recession Answer: 2 successive quarters of negative real GDP growth 4. inflation Answer: general increase in prices of goods&services which diminishes the purchasing power of money (a unit of money tomorrow would buy less than the same unit of money today) 5. primary sources of inflation data Answer: 1) personal consumption expenditures(PCE) ^^ measure of price changes in consumer goods and services ^^ shows what consumers are spending their income on [Show More]

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