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BMC (Bloomberg) Questions with Correct Answers_Updated and Latest 2023/2024
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BMC (Bloomberg) Questions with Correct Answers_Updated and Latest 2023/2024
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Scheduled maintenance: August 6, 2024 from 08:00 PM to 10:00 PMbloomberg BMC
Terms in this set (73)
Inaccurately because the How accurately do GDP portray the economy and why?
scope of GDP
measurements can change.
Consider the formula GDP = C+I+G+(X-M). A country is
undergoing a boom in consumption of domestic and
foreign luxury goods. In one year, the dollar growth in
It went down
imports is greater than the dollar growth in domestic
consumption. Assuming nothing else has changed, what
happened to GDP?
C= Consumer spending what is the meaning of each letter in the GDP formula,
I = Investment (Gross Fixed C+I+G+(X-M).
Capital Formation)
G= Government Spending
X= Exports
M= Imports
Here is the most important economic data for Australia
and Sweden. which economy did better year-over-year
Sweden performed better
(YOY) in the fourth quarter of 2013 compared to the
fourth quarter of 2012? Use the two charts to investigate.
Consumer spending In the United States, why is there a strong correlation
accounts for two-thirds of between unemployment and GDP?
the U.S. economy when the
number of unemployed
consumers rises, there is
less consumer spending.
, The country has deflation. Here is a chart showing both nominal GDP growth and
The bottom line is nominal real GDP growth for a country. Which of the following
growth and the top line is can be a true statement at the time the chart was
real growth. captured?
Which of the following lines is the best leading
PMI
economic indicator?
Nonfarm payrolls go down, What typically happens to nonfarm payrolls, the PMI
the PMI indicator goes indicator, and housing starts at the onset of a recession
DOWN, the housing starts in the United States?
goes down.
Which of the following qualities of economic indicators
Timeliness of release
do investors prize the most?
Because GDP statistics are Why is the release of GDP statistics less interesting to
released well after other investors than the release of other economic indicators?
economic indicators.
Which of the following important U.S. economic
GDP
indicators is only available on a quarterly basis?
Which economic indicator is most directly linked to
nonfarm payrolls
unemployment?
To know when specific What is the main reason that investment banks create
economic data points are a estimates of economic indicators?
positive or negative
surprise.
They do not consistently Which of the following is the biggest pitfall of economic
presage turning points. indicators?
Which country is the fourth biggest importer and
Japan
exporter?
Hong Kong dollar against Which of the following is not an example of a failed
the U.S. dollar in 1997. peg?
What generally happens when a central bank
The currency strengthens.
unexpectedly increases interest rates?
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