This study source was downloaded by 100000857300661 from CourseHero.com on 12-01-2022 04:56:59 GMT -06:00https://www.coursehero.com/file/28871446/Bloomberg-Answersdocx/ Bloomberg Answers8NQZRLYVD3The Primacy of GDPKnowledge Check 1 Inaccurately because the scope of GDP measurements can change. Knowledge Check 2 It went down.Knowledge Check 3 Sweden performed better.Knowledge Check 4 Consumer spending accounts for two-thirds of the U.S. economy. When the number of unemployed consumers rises, there is less consumer spending.SECTION QUIZ1. Here is a chart showing both nominal GDP growth and real GDP growth for a country. Which of the following can be a true statement at the time the chart was captured?a. The country has deflation. The bottom line is nominal growth and the top line isreal growth.2. Which of the following lines is the best leading economic factor?a. PMI3. The misery index is often cited in the media as a way to measure consumer pain. It is defined as the inflation rate plus the unemployment rate. Review and identify the country with the highest misery index.a. Argentina4. What typically happens to nonfarm payrolls, the PMI indicator, and housing starts at the onset of a recession in the United States?a. Nonfarm payrolls go DOWN, the PMI indicator goes DOWN, the housing starts goes DOWN.Monitoring GDPSECTION