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

Quiz
•
Other
•
12th Grade
•
Hard

Siyabonga Buthelezi
Used 1+ times
FREE Resource
26 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
Create a free account and access millions of resources
Similar Resources on Wayground
22 questions
Personal Finance 5.00 Saving and Investing

Quiz
•
9th - 12th Grade
28 questions
AP ECO Macroeconomic Measurements

Quiz
•
12th Grade - University
22 questions
Vocab Quiz: Investing

Quiz
•
9th - 12th Grade
22 questions
Economics Unit 5 Test

Quiz
•
9th - 12th Grade
25 questions
Fiscal & Monetary Policy

Quiz
•
12th Grade
24 questions
Understanding Real GDP vs Nominal GDP

Quiz
•
9th - 12th Grade
30 questions
Economics A Level Paper 1 Quiz February/March 2021

Quiz
•
11th - 12th Grade
21 questions
Inflation and Economic Indicators Quiz

Quiz
•
12th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade