Review the following key economic indicators for Greece from 2014 to 2015.

Refer to the attached document for the following questions.

1. The Greek economy is most likely in a period of boom.

True or False?

2.Greek unemployment has remained at record highs while the youth unemployment still remains about 50%. There is, as a result, an exodus of young educated professionals from the country. Although the unemployment rate has declined, the central bank projects that the unemployment rate will remain steady at this level for some time to come. The labour force participation rate will likely _________ and the unemployment rate will ____________.

A. Rise, fall

B. Fall, fall

C. Fall, rise

D. Fall, remain steady

3. The large number of people without a job in the Greek economy is most likely the result of:

A. Demand-deficient unemployment

B. Structural unemployment

C. Frictional unemployment

D. Seasonal unemployment

4. The fact that unemployment is rising while the labour force participation rate is falling is a sign that the Greek economy might be in recovery.

True or false?

5. Overall, the Greek economy is showing signs of improvement.

True or false?

6. Since 2010, the Greek Government has implemented an austerity program. Based on the data, there is evidence to suggest that this policy may have been somewhat successful in achieving its primary objective.

True or false?

7. Based on the data, it's clear that austerity has been successful in achieving all of Greece's economic objectives.

True or false?

8. From the December 2014 to April 2015, consumer spending is likely to have:

A. Become negative

B. Decreased

C. Remained constant

D. Increased

9. Deflation is not particularly harmful for an economy, hence why Central Banks rarely act to change it.

True or False?