US Economy Job Report Quiz

How many jobs were added to the US economy in September according to the report?

• 254,000

• 300,000

• 200,000

• 150,000

What effect did the job report have on traders' expectations regarding the Federal Reserve's interest rate decisions?

• Increase bets on slower interest rate cuts

• Decrease bets on interest rate hikes

• No change in expectations

• Increase bets on faster interest rate hikes

What is Potential GDP?

• The total value of goods and services produced in a year

• A measure of the economy’s normal capacity to produce goods and services

• The actual GDP of a country

• The GDP adjusted for inflation

What does the labor force refer to?

• The number of people who are retired

• The number of people holding or seeking jobs

• The number of people who are unemployed

• The number of people who are students

Which of the following is NOT a factor affecting the growth rate of potential GDP?

• Growth rate of labor force

• Growth rate of capital stock

• Rate of technical progress

• Rate of inflation

What does the black line represent in the U.S. GDP graph?

• Real potential GDP

• Actual GDP

• Nominal GDP

• Projected GDP

During which period did the U.S. experience a significant GDP growth of 33.1% (saar)?

• Dot.com bust

• Great Recession

• Coronavirus recession

• Financial crisis

Which line represents the potential GDP in the graph?

• Black line

• Red line

• Green line

• Blue line

What happens to the unemployment rate if GDP grows slower than the economy's potential?

• It remains the same

• It rises

• It falls

• It becomes negative

How is the unemployment rate defined?

• Number of employed people as a percentage of the labor force

• Number of unemployed people as a percentage of the labor force

• Total population as a percentage of the labor force

• Number of job vacancies as a percentage of the labor force