Inflation Quiz

Inflation Quiz

12th Grade

26 Qs

quiz-placeholder

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Inflation Quiz

Inflation Quiz

Assessment

Quiz

Other

12th Grade

Hard

Created by

Siyabonga Buthelezi

Used 1+ times

FREE Resource

26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a characteristic of the Consumer Price Index (CPI)?

It relates to the cost of living

The basket consists of consumer goods and services

Prices of imported goods are shown explicitly

Prices include VAT

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the inflation target range set by the Minister of Finance in South Africa?

Between 2% and 5%

Between 3% and 6%

Between 4% and 6%

Between 5% and 8%

3.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Which of the following is a characteristic of demand-pull inflation?

Aggregate supply rises more than aggregate demand

It's primarily caused by an increase in production costs

It occurs when aggregate demand outpaces aggregate supply

It's mainly driven by increases in labour costs

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is stagflation?

High growth, low unemployment, and low inflation

Low growth, high unemployment, and high inflation

High growth, high unemployment, and low inflation

Low growth, low unemployment, and high inflation

5.

MULTIPLE CHOICE QUESTION

1 min • 3 pts

Which of the following is NOT a fiscal measure to combat inflation?

Increasing direct taxation

Cutting back on government expenditure

Imposing surcharges on imported goods

Adjusting the repo rate

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What does CPI stand for in the context of measuring inflation?

Consumer Price Index

Cost Production Index

Central Price Indicator

Consumer Purchasing Indicator

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of inflation occurs when the aggregate demand for goods and services exceeds the aggregate supply?

Cost-push inflation

Demand-pull inflation

Hyperinflation

Stagflation

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