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Economic Indicators-McSweeney Flashcards | StudBud

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Economic Indicators-McSweeney

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Questions 10

Answers

1
What is the difference between the Consumer Confidence Index and Consumer Price Index?
CPI measures the overall mood and trust in the economy.
CCI measures overall trust from Consumers in the economy, CPI is prices.
CCI measures the average price of goods in the economy.
CPI measures overall trust from Consumers in the economy, CCI is prices.
2
What is the difference between GDP per capita and GDP?
GDP measures the wealth and economic availability of an area.
GDP per capita measures the wealth and economic availability of an area.
3
What does Gross Domestic Product (GDP) represent?
An indicator of the economic path a country is on.
The amount of revenue a country takes in from trade externally.
The amount of revenue a country produces internally.
The amount of development and human infrastructure in a country.
4
The unemployment rate measures everyone in the nation from working age?
False
True
5
What is Crude Oil Price?
The cost of 1 barrel of crude oil.
The cost of creating an oil business.
The cost of 1 barrel of refined oil.
The average cost of a Gallon of gas in the US.
6
Is the DOW Jones or S&P 500 representative of the Stock Market?
DOW Jones
S&P 500
7
What years was the Civil War fought in?
1851-1855
1860-1865
1861-1865
1860-1866
8
What years was World War I fought?
1901-1905
1939-1945
1904-1908
1914-1918
9
What years was World War II fought?
1929-1935
1940-1945
1939-1945
1944-1949
10
What does the Consumer Price Index (CPI) represent?
It represents the average price of all goods for consumers in the US.
It represents the average price of essential goods like food and electric.