Economics Quiz Assignment

Question 1

Cost of Market Basket (current)/ Base Year market Basket is the equation for what?

Accepted Answer

Index Value

Question 2

a period of recovery from a recession that involves increased real GDP is The Expansion Period

Accepted Answer

True

Question 3

the process by which banks record whose account gives up money and whose account receives money

Accepted Answer

Clearing Checks

Question 4

The oldest Stock exchange is the New York Stock exchange.

Accepted Answer

True

Question 5

The oldest Stock exchange is the American Stock Exchange.

Accepted Answer

False

Question 6

What is an example of a Bad credit score?

Accepted Answer

500

Question 7

What is the Starting Credit score?

Accepted Answer

750

Question 8

NEW INDEX VALUE - OLD INDEX VALUE/ OLD INDEX VALUE, is the equation for what?

Accepted Answer

Inflation

Question 9

What factor of the credit score takes up the most percentage, of the pi chart?

Accepted Answer

Payment history

Question 10

A decline in the general level of prices

Accepted Answer

Deflation

Question 11

When the general level of prices rise

Accepted Answer

inflation

Question 12

What is an example of an amazing credit score?

Accepted Answer

800

Question 13

spending about which lawmakers are free to make choices

Accepted Answer

Discretionary Spending, Mandatory Spending

Question 14

money that congress is mandated, or required, by existing law to spend on certain programs

Accepted Answer

Mandatory Spending

Question 15

national health insurance program that helps pay for healthcare for people over age 65 and certain disabilities

Accepted Answer

Social Security Taxes

Questions 15