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What is the term for the difference between an economy's actual output and its potential output?
Answer
Output gap
What is the name of the Federal Reserve's preferred measure of inflation, based on consumer spending?
Answer
PCE price index
What is the percentage of total production capacity that an economy is actually using?
Answer
Capacity utilization
What is the term for the number of new residential construction projects that have begun in a given month?
Answer
Housing starts
What is the name of the index that tracks changes in prices received by domestic producers for their output?
Answer
Producer Price Index
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What is the percentage of total production capacity that an economy is actually using?
Answer
Capacity utilization
What is the name of the index that tracks changes in prices received by domestic producers for their output?
Answer
Producer Price Index
What is the name of the index that uses a geometric mean formula to adjust for substitution effects in consumer prices?
Answer
Chained Consumer Price Index
Which monthly survey by the Institute for Supply Management tracks economic activity in the U.S. manufacturing sector?
Answer
ISM Manufacturing Index
What is the name of the statistical measure of income inequality that ranges from 0 to 1?
Answer
Gini coefficient
Which U.S. government agency calculates the Gross Domestic Product?
Answer
Bureau of Economic Analysis