
Understanding Inflation

Interactive Video
•
Economics, Social Studies
•
7th - 10th Grade
•
Hard

Amelia Wright
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is inflation?
A specific increase in the price of a single product.
An increase in the general price level of goods and services.
A decrease in the value of a single currency.
A decrease in the general price level of goods and services.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to your purchasing power when inflation occurs?
It decreases.
It increases.
It fluctuates randomly.
It remains the same.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you save 100 reais and the inflation rate is 40% after one year, what is the value of your savings in terms of purchasing power?
140 reais
60 reais
40 reais
100 reais
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If your salary increases by 10% but inflation also rises by 10%, what happens to your purchasing power?
It increases by 10%.
It decreases by 10%.
It doubles.
It remains the same.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one cause of inflation related to money circulation?
Decreased production of goods.
Increased speed of money circulation.
Decreased consumer demand.
Increased savings rates.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do prices tend to rise when there is more money in circulation?
Because people spend less money.
Because the government reduces taxes.
Because people demand higher wages and prices increase.
Because people save more money.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens when consumption increases too quickly?
The economy slows down.
Products become scarce and prices increase.
Prices decrease.
The government prints more money.
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