U.S. Bureau of Economic Analysis (BEA) Consumer Practice Questions
The free U.S. Bureau of Economic Analysis (BEA) questions that deal with consumer, with answers and explanations. The full bank and the timed practice test cover every topic the exam asks about.
Question #6
A new report shows a 5% increase in consumer spending over the last quarter. What is the BEA likely to analyze next?
Correct answer: B
Explanation
The BEA would analyze business investment trends in response to consumer spending changes.
Question #10
If consumer spending declines for two consecutive quarters, what does the BEA classify this as?
Correct answer: B
Explanation
Two consecutive quarters of declining consumer spending is classified as a recession.
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