Your Arizona economics exam

The annual quiz at the Economic Outlook Luncheon tests your knowledge of the Arizona economy. This is the ninth year that the event has included the quiz, which is based on presentations at the Economic Club of Phoenix Luncheons this season. How many questions can you guess correctly?

At the annual Economic Forecast Lunch, experts from the W. P. Carey School of Business assign a grade to the Arizona economy and its prospects going forward. The event is also the last day of class for members who attend the monthly Economic Club of Phoenix luncheons and hear the economic updates. This is the ninth year that the event has included a quiz testing the economic intelligence of attendees. How many questions can you answer correctly?

In 2014 the annual rate of job growth in Arizona:

1. put Arizona among the top 10 states
2. was below the national average
3. was hurt by slow construction and manufacturing
4. was faster than California

How much must the average home in Greater Phoenix appreciate to have the same market value as May 2006?

1. 0%
2. 19%
3. 39%
4. 59%

In a recent “Economic Minute” we learned that foreign born workers took what percent of new U. S. jobs added between 2010 and 2014:

1. 10%
2. 26%
3. 32%
4. 94%

For history buffs: the year 1992 is notable in Arizona because the Arizona image was boosted due to which of these?

1. the Suns won their first (and only) NBA title
2. the MLK Holiday was approved by Arizona voters at the polls
3. the NFL awarded the 1993 Super Bowl to Arizona
4. all of these are correct

In Metro Phoenix, there were 11,741 single family permits issued in 2014. How many were issued in 2004?

1. 8,858
2. 16,858
3. 35,858
4. 55,858

In Metro Phoenix, there were 8,900 multi-family permits issued in 2014. How many were issued in 2004?

1. 4,396
2. 7,396
3. 10,396
4. 15,396

Bonus Question: According to the U.S. Bureau of Labor Statistics, metro Phoenix wages are 3% below the national average, but vary by industry.

1. Mark the categories shown here as either at least 5% higher (H) or 5% lower (L) than the U. S. average.
2. One category has wages 10% greater (draw a circle around it).
3. One category has wages 14% below the U.S. (draw a triangle around it).

1. Business
2. Computers
3. Legal
4. Education
5. Health Care

Construction Scoring: 10 points possible.

Correct answer is 1 point for questions 1 - 6, each item on the Bonus Question is 1/2 point.

Contestant with highest score at each table commandeers dessert from player with lowest score.

Answers Confidence Quiz 2015