CPI

Did prices go up or down in 2009?
2008 CPI = 212
2009 CPI = 214

• Up

• Down

Which year is the base year?
1997 CPI = 95
1998 CPI = 97
1999 CPI = 100
2000 CPI = 104

• 1997

• 1998

• 1999

• 2000

If a country had a CPI of 104.0 last year and a CPI of 101.0 this year, then

• the average quality of goods and services between last year and this year.

• the average prices of goods and services increased between last year and this year.

• the average prices of goods and services decreased between last year and this year.

• the quantity of consumer goods and services produced decreased between last year and this year.

If CPI last year was 177 and the CPI this year is 186, what is the rate of inflation?

• 8%

• 7%

• 6%

• 5%

CPI index for 2016 and 2017 was 125 and 120 respectively.  Based on the information provided, between 2016 and 2017

• Price increased by 4%

• Price decreased by 4%

• Price increased by 5%

• Price decreased by 5%

What does CPI measure?

• The average change in prices of goods and services consumed by households.

• The total value of goods and services produced within a country's borders over a specific period of time.

• The percentage of the labor force that is unemployed and actively seeking work.

What does CPI stand for?

• Consumer Price Inflation

• Consumer Price Index

• Consumer Price Increase

If the CPI in 2010 was 110 and in 2011 it was 115, what was the inflation rate from 2010 to 2011?

• A) 4.5%

• B) 5%

• C) 4%

• D) 5.5%

Which of the following is NOT included in the calculation of CPI?

• A) Food and beverages

• B) Housing

• C) Stock market investments

• D) Transportation

If the base year CPI is 100 and the current year CPI is 130, what is the percentage increase in the price level?

• A) 20%

• B) 30%

• C) 25%

• D) 35%