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1 BMC Answers (Bloomberg) Latest 2020/2021, Complete solu Rated Study Guide) University of Massachusetts, Low 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 ...

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  • June 24, 2022
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  • 2021/2022
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BMC Answers (Bloomberg) Latest 2020/2021, Complete solu
Rated Study Guide) University of Massachusetts, Low




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 con
domestic and foreign luxury goods. In one year, the dollar growth in imports is gr
dollar growth in domestic consumption. Assuming nothing else has changed, wha
GDP?
• It went down.
Knowledge Check 3
Here is the most important economic data for Australia and Sweden. Which econ
better year-over-year (YOY) in the fourth quarter of 2013 compared to the fourt
2012?
Use the two charts to investigate.
• Sweden performed better.
Knowledge Check 4
In the US, why is there a strong correlation between unemployment and GDP?
• Consumer spending accounts for two-thirds of the U.S. economy. When th
of unemployed consumers rises, there is less consumer spending.

SECTION QUIZ
1. Here is a chart showing both nominal GDP growth and real GDP growth fo
country. Which of the following can be a true statement at the time the
captured?
a. The country has deflation. The bottom line is nominal growth and the t
real growth.
2. Which of the following lines is the best leading economic factor?
a. PMI
3. The “misery index” is often cited in the media as a way to measure con
pain. It is defined as the inflation rate plus the unemployment rate. Review
the country with the highest “misery index.”
a. Argentina
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2

, Monitoring GDP (10 min.)
SECTION QUIZ
1. Which of the following qualities of economic indicators do investors prize
a. Timeliness of release.
2. Why is the release of GDP statistics less interesting to investors than the
other economic indicators?
a. Because GDP statistics are released well after other economic indica
3. Which of the following important U.S. economic indicators is only availabl
a quarterly basis?
a. GDP
4. Which economic indicator is most directly linked to unemployment?
a. Nonfarm payrolls.

Forecasting GDP (20 min.)
Knowledge Check 1
Here is the economic calendar for the UK for August 2013. Examine indicators lik
house prices, industrial production, employment, retail sales, and GDP. Based on the
indicators, how did the UK economy perform overall?
• Above
Expectations Knowledge
Check 2
This chart was captured in mid-2014. At that point in time, which of the followin
have described the growth in the Chinese economy predicted in this pop -out tab
• Deceleration
Knowledge Check 3
How have economic forecasts for this economy evolved?
• Minimal Change

SECTION QUIZ
1. These charts show data for four countries as of early 2016. For each coun
purple line denotes historic real GDP growth. The white line denotes the
estimated real GDP growth. The red line denotes the most pessimistic analy
The green line denotes the most optimistic analyst forecast. For which co
there the most controversy among the analyst community about 2016 gro
a. RUSSIA
2. What is the main reason that investment banks create estimates of
economic indicators?
a.To know when specific economic data points are a positive or negat
3. Which of the following is the biggest pitfall of economic indicators?

3

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