What is the monthly deficit for a family earning 10,000 rupees and spending 12,500 rupees?

Economic Concepts and Price Changes

Interactive Video
•
Business, Mathematics, Social Studies
•
9th - 10th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2,000 rupees
1,500 rupees
2,500 rupees
3,000 rupees
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following expenses is NOT mentioned as part of a family's monthly budget?
Transport
Entertainment
Food
Room rent
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does an increase in transport costs affect a family's budget?
It decreases the overall budget
It increases the overall expenditure
It has no effect
It reduces the need for other expenses
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which group is least affected by price hikes due to receiving dearness allowances?
Service providers
Corporate workers
Government employees
Businessmen
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do businessmen typically handle increased costs of goods?
They absorb the costs
They reduce their profit margins
They pass the costs onto consumers
They stop selling the goods
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary definition of inflation?
An increase in the supply of goods
Too much money chasing too few goods
A reduction in consumer spending
A decrease in the value of money
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a consequence of inflation?
Increased purchasing power
Need for more money to buy the same goods
Higher cost of goods
Reduced value of money
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