AP Econ Friday Quiz 3Q8W

AP Econ Friday Quiz 3Q8W

11th - 12th Grade

18 Qs

quiz-placeholder

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AP Econ Friday Quiz 3Q8W

AP Econ Friday Quiz 3Q8W

Assessment

Quiz

History

11th - 12th Grade

Medium

Created by

Christian Tinoco

Used 18+ times

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18 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Who is most likely to be hurt by inflation?

someone who borrowed money

a retiree on a fixed income

a business owner

the U.S. government

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following groups suffer from high inflation?

Borrowers

Lenders

Taxpayers

Property Investors

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

When inflation is high the _______________of the dollar decreases.

cost

purchasing power

importance

validity

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The percentage change in the price level from a previous period is the ...

Unemployment rate

Inflation rate

GDP

CPI

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The Consumer Price Index (CPI)

Measures the price change of the G & S bought by a typical consumer

Is the best measure of standard of living

Measures the percentage change in price level from one period to another

Is the measure of rates across time

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The market basket cost of 2016 is $100,000. If the market basket for 2017 is $200,000 and 2016 is our base year, what is the CPI for 2016?

100

140

200

80

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The market basket cost of 2016 is $100,000. If the market basket for 2017 is $200,000 and 2016 is our base year, what is the CPI for 2017?

100

140

200

80

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