BMC (BMCExam)

BMC Exam Questions and Answers 2023 Rated A+. In the United States, why is there a strong correlation between unemployment and GDP? - ANSWER Consumer spending accounts for two-thirds of the U.S. economy when the number of unemployed consumers rises, there is less consumer spending. Here is a chart showing both nominal GDP growth and real GDP growth for a country. Which of the following can be a true statement at the time the chart was captured? - ANSWER The country has deflation. The bottom...

BMC Exam Questions and Answers 2023 Rated A. 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? - ANSWER It went down Here is the most important economic data for Australia and Sweden. which economy did better year-over-year (YOY) in the fourth quarter of 2013 com...

BMC Exam Questions and Answers 2023. Which driver weakened the Swiss franc? (C) - ANSWER a) A surprise change in net export expectations b)A surprise change in interest rates expectations c)A surprise change in inflation expectations d)A surprise change in valuation expectations How accurately do GDP portray the economy and why? - ANSWER Inaccurately because the scope of GDP measurements can change. Consider the formula GDP = C+I+G+(X-M). A country is undergoing a boom in consumption of...

BMC Exam-scored A+-2022-2023