Economic Outlook Update Trivia

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New Subscribers Only - Answer the questions below to win a 30% discount price off a new subscription to the Economic Outlook Update

1. What component of Gross Domestic Product accounts for approximately 2/3 of GDP?

Consumer Spending

Net Exports

Government Spending

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2. What target rate does the Federal Open Market Committee set?

LIBOR

Mortgage Rates

Federal Funds Rate

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3. Which economic indicator reported at its lowest score in April 2020 but rebounded to its highest score in May 2020?

Consumer Sentiment

Chicago Fed National Activity Index

Non-Manufacturing Index (NMI)

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4. Which economic measure reported its largest monthly decline in April and its largest monthly rise in May?

Retail Sales

Unemployment claims

Existing home sales

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5. The May jobs figure reported an increase of 2.5 million jobs, what was the reason behind the unexpected increase?

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