2023 Bloomberg Market Concepts ( BMC ) Exam 4
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- What is an economic indicator?
Answer: an aspect of the economy that can be measured in order to determine a
country's overall economic health
- What is Gross Domestic Product (GDP)?
Answer: A measure of all the goods and services produced by a nation in a given
year
- Is GDP a work in progress?
Answer: Yes, it is constantly changing and being updated by economists to reflect the importance of industries world wide
- How much does personal consumption contribute to GDP?
Answer: Approximately 2/3s of GDP is personal consumption
- What are the 5 most commonly followed economic indicators?
Answer: Economic growth (Change in GDP), Inflation, Unemployment, Business
Confidence, and Housing
- Where can you find updates for economic indicators?
Answer: The Bloomberg function WECO
- What are the major components of GDP? (Formula)
Answer: GDP = C+I+G+(X-M) Consumption
Private Spending Government Spending Exports Imports
- What is nominal GDP?
- / 1
Answer: the production of goods and services valued at current prices