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Bloomberg Economic Indicators QUESTIONS AND ANSWERS 2023
- Exam (elaborations) • 2 pages • 2023
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Bloomberg Economic Indicators QUESTIONS AND ANSWERS 2023 
1. How accurately do GDP statistics portray the economy and why?: Inaccurately because the scope of GDP measurements can change 
2. 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 imports is greater than the dollar growth in domestic consumption. 
Assuming nothing else has changed, what happened to GDP>: It went down 
3. Here i...
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BLOOMBERG ECONOMIC INDICATOR STUDY GUIDE 2023
- Exam (elaborations) • 14 pages • 2023
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BLOOMBERG ECONOMIC INDICATOR STUDY 
GUIDE 2023 
lOMoARcPSD| 
Bloomberg Answers 
Economic Indicators 
The Primacy of GDP (30 min.) 
Knowledge Check 1 
How accurately do GDP statistics portray the economy and why? 
 Inaccurately because the scope of GDP measurements can change. 
Knowledge Check 2 
Consider the formula GDP = C + I + (X-M). A country is undergoing a boom in consumption of 
domestic and foreign luxury goods. In one year, the dollar growth in imports is greater than the 
dollar gro...
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