We use cookies on our website to give you the best online experience. Please know that if you continue to browse on our site, you agree to this use. You can always block or disable cookies using your browser settings. To find out more, please review our privacy policy.

COVID-19 RESOURCES AND INFORMATION: See the Atlanta Fed's list of publications, information, and resources; listen to our Pandemic Response webinar series.

Economy Matters

Charting the Economy

From gross domestic product to price indices, there are many ways to view and assess the economy's performance—some more reliable and scientific than others. This quiz asks you about some of them.

Read more: Part Chart, Part Science: The Evolution of Economic Indicators 

Source: Question 1; Question 2; Question 3; Question 4; Question 5; Question 6; Question 7; Question 8; Question 9; Question 10

1. True or false: The "hemline index" holds that the hemlines on women's dresses rise and fall in conjunction with economic performance.
True
False
2. In what year did Charles Henry Dow begin publishing an industrial average that is now known as the Dow Jones Industrial Average?
1896
1913
1928
3. True or false: "Gross domestic product" and "gross national product" are synonymous.
True
False
4. How many measures of unemployment does the U.S. Bureau of Labor Statistics use to examine labor underutilization?
One
Three
Six
5. True or false: Price pressures resulting from World War I were the impetus behind the creation of the consumer price index.
True
False
6. When did the U.S. government begin measuring the national unemployment rate?
1900
1920
1940
7. True or false: The Atlanta Fed's GDPNow produces its forecasts of gross domestic product (GDP) by using statistical model forecasts of the same 13 subcomponents that make up GDP.
True
False
8. In what decade did the U.S. government begin considering gross domestic product (GDP) as an official measure of economic activity?
1920s
1930s
1940s
9. Which unofficial index of exchange rates uses fast food to measure the purchasing power of a variety of international currencies?
The Whopper index
The Big Mac index
The Chalupa index
10. The Dow Jones industrial average first hit 5,000 in 1995 and 20,000 in 2016. In what year did the index first reach 10,000?
1966
1985
1999