11. Applied Economics and Data

Reading Data — Quiz

Test your understanding of reading data with 5 practice questions.

Practice Questions

Question 1

A government report indicates that the national debt increased from $$ \$10 \text{ trillion} $ to $ \$11 \text{ trillion} $$ in a fiscal year. What is the percentage increase in the national debt?

Question 2

Which of the following economic indicators would be most appropriate to measure the cost of living and purchasing power of consumers over time?

Question 3

If a line chart displays the inflation rate of a country over the past decade, what does a downward trend in the line primarily indicate?

Question 4

When analyzing a scatter plot showing the relationship between education levels and average income, what does a cluster of points in the upper right quadrant typically suggest?

Question 5

A table presents the annual growth rates of a country's industrial output for five consecutive years: $ 2.5\%, 3.0\%, 1.8\%, 4.2\%, 3.5\% $. What is the average annual growth rate of industrial output over this period?