2023 Bloomberg Markets Concepts Test 1 All New Qs & As for A++ Test - Guaranteed Pass!

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1. In 2015, an accounting gimmick gave Ireland a 26% growth rate in GDP. What does this event reflect about the nature of GDP? Answer: If the measurement ofeconomic activity evolves, GDP can change.... 2. Here is a chart showing both nominal GDP growth and real GDP growth for a country.Which of the following can be a true statement at the time thechart was captured? Answer: The country has inflation. The top line is nominal growth and the bottom line is real growth. 3. Which of the following lines is the best leading economic indicator? Answer: PMI 4. GDP per capita is a measure of prosperity because it dividesthe total GDPof a country by its population. Which of the below forecasts for a country would result in the highest GDP per capita growth? Answer: An increase of 2% in GDPand a population growth of 0% 5. What typically happensto nonfarm payrolls,the PMIindicator, and housingstarts at the onset of a recession in the United States? Answer: Nonfarm payrolls go DOWN, the PMI indicator goes DOWN, the housing starts goes DOWN. 6. Which of the following qualities of economic indicators do investors prizethe most? Answer: Timeliness of release 7. Why is the release of GDP statistics less interesting to investors than therelease of other economic indicators? Answer: Because GDP statistics are released well after other economic indicators. [Show More]

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