Economics - Economic Indicators MCQ Test 5

1. Which economic indicator is used to assess the overall health of a nation's labor market?

2. What does the term 'interest rate' signify?

3. What is the primary objective of a central bank?

4. Which economic indicator provides insight into a country's international trade balance?

5. What is the term for a situation where the government's total expenditures exceed its total revenues in a given fiscal year?

6. What is 'Shadow Economy'?

7. What does the term 'opportunity cost' refer to?

8. Which economic term refers to the total value of all final goods and services produced within a country in a given period?

9. What does the term 'stagflation' refer to?

10. What does the term 'fiscal policy' refer to?