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BLOOMBERG Exam Practice Questions and Answers How accurately do GDP statistics portray the economy and why? - ANSWER-Just because they are official and numerical does not mean they are accurate. The term "domestic" in GDP unambiguously links to a nation state. Why is economic data helpful in t...

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  • November 3, 2024
  • 12
  • 2024/2025
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  • bloomberg exam practice questions and answers

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©KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024




BLOOMBERG Exam Practice Questions

and Answers


How accurately do GDP statistics portray the economy and why? - ANSWER✔✔-Just because they are

official and numerical does not mean they are accurate. The term "domestic" in GDP unambiguously

links to a nation state.


Why is economic data helpful in the investment process? - ANSWER✔✔-If an economy is doing well then

certain companies will sell more of their product as household budgets also increase.


What 5 data inputs matters most to investors? - ANSWER✔✔-Economic growth, inflation,

unemployment, business confidence, and housing.


How do you calculate GDP? - ANSWER✔✔-GDP= C + I = G + (X-M). C= Personal consumption. I= private

investment. G= government consumption. X= exports. M= imports. (X-M)= net exports.


nominal growth (growth rate) - ANSWER✔✔-increases in production and increases in price


real GDP - ANSWER✔✔-isolates increases in production


If growth rate (nominal GDP) = inflation rate, then... - ANSWER✔✔-real growth rate is at zero.


If Nominal GDP rate > inflation rate, then... - ANSWER✔✔-Real Growth Rate is positive.


Copyright © Stuvia International BV 2010-2024 Page 1/12

, ©KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024




Is the economy cyclical? - ANSWER✔✔-Yes, there are quarters of growth and recession.


Recession - ANSWER✔✔-two successive quarters of negative real GDP growth


Inflation (CPI) - ANSWER✔✔-unveils the real growth in the economy. It can erode the value of bonds. It

means that a unit of money tomorrow buys less than the same unit of money would buy today. This

accounts for the rising cost of living. Increase in prices of goods and services that diminishes purchasing

power of money.


What are the two sources for inflation reports? - ANSWER✔✔-GDP Report: based on whole economy.

Consumer Price Index: based on representative basket of goods, and services, like food, housing and

automobiles


How does time change representative inflation baskets? - ANSWER✔✔-With changes in technology. Like

DVD players are replaced with online streaming.


If nominal GDP growth line or percentage is less than the real GDP, then... - ANSWER✔✔-there is

deflation.


Why is unemployment so important to the US economy? - ANSWER✔✔-The fact that the US is largely a

consumer economy leads to the tight connection between US employment and US GDP. An overall

increase in unemployment depresses GDP growth. When the economy shrinks, employment declines.


Nonfarm payrolls - ANSWER✔✔-measure the change in the number of people with jobs and during a

recession, this goes down. This is the unemployment report.



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