Inflation

Inflation

Assessment

Quiz

Created by

Ms Sage

Social Studies

10th - 11th Grade

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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inflation is...

A measure of price change

An increase in the rate of price increase

An increase in general price levels

A decrease in general price level

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is inflation measured?

By comparing average prices of all goods and services produced

Consumer Price Index

Producer Price index

Government Price Index

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the UK target rate of inflation?

1%

2%

3%

4%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A decrease in general price level is called...

Hyperinflation

Low inflation

Deflation

Disinflation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inflation caused by a rise in wage rates would be classified as..

Demand pull

Demand push

Cost push

Cost pull

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inflation caused by an increase in consumption would be classified as..

Demand pull

Demand push

Cost push

Cost pull

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During a recession, inflation is likely to be..

High

Low

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A consequence of high inflation is that it benefits borrowers.

True

False

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following measure of inflation includes mortage costs?

CPI

RPI

CPIH

RPIH

10.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

As at October 2021 what was the CPI rate of inflation?

3.1%

4%

4.2%

3.2%

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