International Economic Statistics

Description: This quiz covers various aspects of International Economic Statistics, including trade, balance of payments, and exchange rates.
Number of Questions: 15
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Tags: international economics economic statistics trade balance of payments exchange rates
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What is the term used to describe the difference between the value of a country's exports and the value of its imports?

  1. Trade Deficit

  2. Trade Surplus

  3. Balance of Trade

  4. Current Account Balance


Correct Option: C
Explanation:

The balance of trade is the difference between the value of a country's exports and the value of its imports.

Which of the following is a component of the current account in the balance of payments?

  1. Foreign Direct Investment

  2. Portfolio Investment

  3. Official Reserves

  4. Net Exports


Correct Option: D
Explanation:

Net exports are a component of the current account in the balance of payments, which measures the difference between a country's exports and imports of goods and services.

What is the term used to describe the value of all goods and services produced within a country's borders, regardless of who owns the factors of production?

  1. Gross Domestic Product (GDP)

  2. Gross National Product (GNP)

  3. Net Domestic Product (NDP)

  4. Net National Product (NNP)


Correct Option: A
Explanation:

Gross Domestic Product (GDP) is the value of all goods and services produced within a country's borders, regardless of who owns the factors of production.

Which of the following is a measure of the overall price level of goods and services in a country?

  1. Consumer Price Index (CPI)

  2. Producer Price Index (PPI)

  3. Wholesale Price Index (WPI)

  4. All of the above


Correct Option: D
Explanation:

The Consumer Price Index (CPI), Producer Price Index (PPI), and Wholesale Price Index (WPI) are all measures of the overall price level of goods and services in a country.

What is the term used to describe the rate at which one currency can be exchanged for another currency?

  1. Exchange Rate

  2. Foreign Exchange Rate

  3. Currency Rate

  4. All of the above


Correct Option: D
Explanation:

Exchange Rate, Foreign Exchange Rate, and Currency Rate are all terms used to describe the rate at which one currency can be exchanged for another currency.

Which of the following is a type of exchange rate regime in which the value of a currency is fixed against a single foreign currency?

  1. Fixed Exchange Rate

  2. Floating Exchange Rate

  3. Managed Float

  4. Crawling Peg


Correct Option: A
Explanation:

A fixed exchange rate regime is one in which the value of a currency is fixed against a single foreign currency.

What is the term used to describe a situation in which the value of a currency is allowed to fluctuate freely in response to market forces?

  1. Fixed Exchange Rate

  2. Floating Exchange Rate

  3. Managed Float

  4. Crawling Peg


Correct Option: B
Explanation:

A floating exchange rate regime is one in which the value of a currency is allowed to fluctuate freely in response to market forces.

Which of the following is a type of exchange rate regime in which the central bank intervenes in the foreign exchange market to influence the value of the currency?

  1. Fixed Exchange Rate

  2. Floating Exchange Rate

  3. Managed Float

  4. Crawling Peg


Correct Option: C
Explanation:

A managed float is a type of exchange rate regime in which the central bank intervenes in the foreign exchange market to influence the value of the currency.

What is the term used to describe a situation in which the value of a currency is gradually adjusted against a single foreign currency?

  1. Fixed Exchange Rate

  2. Floating Exchange Rate

  3. Managed Float

  4. Crawling Peg


Correct Option: D
Explanation:

A crawling peg is a type of exchange rate regime in which the value of a currency is gradually adjusted against a single foreign currency.

Which of the following is a measure of the overall level of economic activity in a country?

  1. Gross Domestic Product (GDP)

  2. Gross National Product (GNP)

  3. Net Domestic Product (NDP)

  4. Net National Product (NNP)


Correct Option: A
Explanation:

Gross Domestic Product (GDP) is a measure of the overall level of economic activity in a country.

What is the term used to describe the difference between a country's exports and its imports?

  1. Trade Deficit

  2. Trade Surplus

  3. Balance of Trade

  4. Current Account Balance


Correct Option:
Explanation:

The trade balance is the difference between a country's exports and its imports.

Which of the following is a component of the capital account in the balance of payments?

  1. Foreign Direct Investment

  2. Portfolio Investment

  3. Official Reserves

  4. Net Exports


Correct Option: A
Explanation:

Foreign Direct Investment is a component of the capital account in the balance of payments, which measures the difference between a country's inflows and outflows of capital.

What is the term used to describe the value of all goods and services produced within a country's borders, including the value of goods and services produced by foreign-owned factors of production?

  1. Gross Domestic Product (GDP)

  2. Gross National Product (GNP)

  3. Net Domestic Product (NDP)

  4. Net National Product (NNP)


Correct Option: B
Explanation:

Gross National Product (GNP) is the value of all goods and services produced within a country's borders, including the value of goods and services produced by foreign-owned factors of production.

Which of the following is a measure of the overall price level of goods and services purchased by consumers?

  1. Consumer Price Index (CPI)

  2. Producer Price Index (PPI)

  3. Wholesale Price Index (WPI)

  4. All of the above


Correct Option: A
Explanation:

The Consumer Price Index (CPI) is a measure of the overall price level of goods and services purchased by consumers.

What is the term used to describe the rate at which one currency can be exchanged for another currency?

  1. Exchange Rate

  2. Foreign Exchange Rate

  3. Currency Rate

  4. All of the above


Correct Option: D
Explanation:

Exchange Rate, Foreign Exchange Rate, and Currency Rate are all terms used to describe the rate at which one currency can be exchanged for another currency.

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