Topic

Data Literacy

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Quizzes in Data Literacy

U.S. Economy

Which fact best describes time-sensitive Delaware statistics?

Time-sensitive claims about population, GDP and city size never need dates or reference years
Time-sensitive claims about population, GDP and city size should always omit the year
Time-sensitive claims about population, GDP and city size require explicit reference years
Time-sensitive claims about population, GDP and city size remain accurate forever without updating

Correct answer(s):

Time-sensitive claims about population, GDP and city size require explicit reference years

U.S. States

Why can preliminary BEA figures change later?

Preliminary figures are legally fixed forever
Annual revisions apply only to state nicknames
BEA figures are replaced by land-area measurements
Annual revisions may update the estimates

Correct answer(s):

Annual revisions may update the estimates

U.S. Economy

Which statement is correct about GDP comparisons?

GDP comparisons require attention to whether the figures are only urban or rural
GDP comparisons require attention to whether the figures are only rounded or unrounded
GDP comparisons require attention to whether the figures are only public or private
GDP comparisons require attention to whether the figures are annual, quarterly, nominal or real

Correct answer(s):

GDP comparisons require attention to whether the figures are annual, quarterly, nominal or real

Geography of the United States

Why should Delaware population statistics include a census or estimate year?

Because the year determines Delaware’s land area
Because population figures are the same as GDP figures
Because population never changes after a census
Because population figures change over time

Correct answer(s):

Because population figures change over time

U.S. Economy

Why should annual GDP and quarterly annualized GDP be kept distinct?

They are always identical measures
Quarterly annualized GDP is not an economic measure
One measures population and the other land area
They describe different time periods

Correct answer(s):

They describe different time periods

U.S. Economy

What should students remember about preliminary state economic estimates?

They may be revised in later releases
They are always final legal records
They measure only state population
They can never change after publication

Correct answer(s):

They may be revised in later releases

U.S. States

Why should nominal and real sector output not be compared as if they use the same price basis?

They are both population counts
They measure county boundaries instead of output
They always use exactly the same prices
They use different price concepts

Correct answer(s):

They use different price concepts

U.S. Economy

What information should accompany a Colorado GDP figure?

Only the land area
The year and whether it is current-dollar or real GDP
Only the governor’s name
Only the state flower

Correct answer(s):

The year and whether it is current-dollar or real GDP

U.S. States

Why should a population statistic for Colorado include a date?

Counties disappear monthly
Population has never changed
The state changes its name every year
Population estimates change and can be revised

Correct answer(s):

Population estimates change and can be revised