Chapter 6(17) Measuring Inflation and Unemployment—Around the World

Read the following articles and pages in order to answer the below questions.

"The Rise of the Cheap Smartphone", The Economist
"Early 2016 Turbulence Forces Economists to Cut Growth Estimates", Bisnow
"U.K. Labor Market Cools as Growth Slows, Brexit Vote Looms", Bloomberg

Question

1. According to The Economist article “The Rise of the Cheap Smartphone,” what is the share of smartphone shipments by vendors other than the top five manufacturers?

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B.
C.
D.

Question

2. Which of these factors is given as a reason for the decline in smartphone prices?

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B.
C.
D.

Question

3. According to the article “Early 2016 Turbulence Forces Economists to Cut Growth Estimates,” what was the average of the monthly predictions made by economists concerning annual GDP growth?

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B.
C.
D.

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4. Along with reducing estimates for economic growth, what are the predictions concerning growth in employment?

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B.
C.
D.

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5. Which statement provides a good explanation of why growth in pay is falling in the UK?

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B.
C.
D.

Question

6. Which of these situations does the Bloomberg article offer as a possible factor for the job market slowdown in the UK?

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B.
C.
D.

Question

7. Which statement BEST describes how growth affects prices and employment?

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B.
C.
D.

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