Inflation and Economic Indicators Quiz

Inflation and Economic Indicators Quiz

12th Grade

21 Qs

quiz-placeholder

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Inflation and Economic Indicators Quiz

Inflation and Economic Indicators Quiz

Assessment

Quiz

Other

12th Grade

Medium

Created by

undefined Gayle

Used 1+ times

FREE Resource

21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the government's target for inflation?

A) 5%

B) 1%

C) 2%

D) 3%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does inflation primarily affect consumers?

A) Increases their real income

B) Decreases their purchasing power if income remains constant

C) Improves their standard of living

D) Has no effect on their financial situation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does disinflation differ from deflation?

A) Disinflation is a rapid increase in price levels, while deflation is a decrease

B) Disinflation is a decrease in the rate of inflation, while deflation is a sustained fall in price levels

C) Disinflation is a sustained fall in price levels, while deflation is an increase in price levels

D) There is no difference; they are the same

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does inflation impact firms?

A) It increases their sales consistently

B) It leads to an increase in consumer confidence

C) It can reduce sales and profits due to decreased consumer spending

D) It has no impact on firms

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does inflation affect workers?

A) It increases their job security

B) It does not affect workers in any way

C) It may lead to a decrease in real income and confidence

D) It always results in higher wages

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might CPI be considered more reliable than RPI?

A) CPI includes a broader range of goods and services

B) CPI is less influenced by housing costs

C) CPI is always lower than RPI

D) CPI measures international prices only

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What factors can lead to demand-pull inflation?

A) Decrease in consumer confidence

B) Increase in consumer confidence and incomes

C) Reduction in viral trends

D) Decrease in incomes

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