Inflation- Consumer Price Index

Inflation- Consumer Price Index

10th - 12th Grade

10 Qs

quiz-placeholder

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Inflation- Consumer Price Index

Inflation- Consumer Price Index

Assessment

Quiz

Business, Other

10th - 12th Grade

Practice Problem

Medium

Created by

Lavoie McKenzie

Used 131+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The year in which the index begins is known as:

face year

trace year

base year

index value

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Prices in the following are expressed as changes on the base of:

50

75

1.00

100

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The prices index for different commodities are always added together and divided by two.

True

False

Sometimes

All of the time

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In order to measure the rate of inflation, it is necessary to measure the rate at which prices:

differ

increase

decrease

change

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The index number deals with the ________changes of a number of different goods and services.

percentage

average

price

ratio

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

When goods are weighted, the price index for each commodity is multiplied by the:

Commodity

Index

Weight

One hundred

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Inflation takes place when prices, on average:

fall

fluctuate

remain the same

rise

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