Economic Growth Quiz

What was the rate at which the U.S. economy grew in the latest quarter?

• A) +2.0%

• B) +3.3%

• C) +4.5%

• D) +1.8%

According to the graph, how did the real gross domestic product change in the fourth quarter of 2023 compared to the previous periods?

• A) It showed a significant decrease

• B) It remained constant

• C) It increased slightly

• D) It showed a significant increase

What does the graph primarily illustrate?

• A) The unemployment rate over the years

• B) The inflation rate over the years

• C) The quarterly change in real gross domestic product

• D) The stock market performance over the years

What was the growth rate of the U.S. gross domestic product (GDP), adjusted for inflation, in the fourth quarter of 2023?

• 4.9 percent

• 3.1 percent

• 3.3 percent

• 2.5 percent

By how much did the U.S. GDP grow in the full year from the end of 2022 to the end of 2023?

• 3.3 percent

• 4.9 percent

• 2.5 percent

• 3.1 percent

Which statement best describes the U.S. economy's performance at the end of 2023?

• The economy went into reverse due to interest-rate increases.

• A widely predicted recession materialized.

• Unemployment remained low, and inflation cooled without a recession.

• The GDP growth rate was lower than the five years preceding the pandemic.

What was the annual growth of the U.S. GDP based on average output over the business fiscal year in 2023?

• 3.3 percent

• 3.1 percent

• 2.5 percent

• Less than 1 percent

What was the growth rate of the U.S. economy in the fourth quarter of 2023?

• 2.8%

• 3.1%

• 3.3%

• 3.5%

According to the article, which of the following statements is true regarding the U.S. economy's performance in early 2024?

• Layoffs were high, and job growth was unstable.

• Wages were falling behind prices.

• Consumer sentiment was declining.

• Layoffs remain low, and job growth has held steady.

What trend did consumer spending in the U.S. show in the fourth quarter compared to the prior quarter?

• It increased significantly.

• It remained the same.

• It decreased slightly.

• It grew at a modestly slower rate.