Cost of Living

Living in general is expensive.

• True

• False

The Bureau of Economic Analysis breaks it down to following categories.

• Housing, Transportation, Entertainment

• Health Care, Food & Apparel

• Taxes, Education and other goods/services

• All of the above

Which expenses fall in the Housing category?

• Cost o movie ticket

• Car payment

• Renter insurance

• College tuition

What is the cost of living index used for?

• To compare how much people earn in different cities

• To compare living cost and the purchasing power in two or more cities.

• To compare different tax bracket.

• To compare how much insurance do you need in certain city.

What is Consumer Price Index?

• Measurement of available housing

• Measurement of import/export

• Measurement of salary

• Measurement of inflation

The index will help you determine how far can make your paycheck go.

• True

• False

If you live in Hong Kong where the public transportation is super great and convenience. You need to allocate more resource to the expensive housing. Which is the best option?

• You should own a car anyway for convenience.

• You should use the public transportation with no car owning.

• You should own a car and use some public transportation.

• None of the above.

According to this article, which top three cities are the most expensive to live?

• New York City, USA; Beijing, China; Shanghai, China

• Hong Kong, HKSAR; Tokyo, Japan; Singapore

• Shanghai, China; Singapore; Ashgabat, Turkmenistan

• Seoul, South Korea; Zurich, Switzerland; New York, United States

According to this article, which two cities are the least expensive in the world?

• Managua, Nicaragua; Tunis, Tunisia

• Tunis, Tunisia; Tashkent, Uzbekistan

• Karachi, Pakistan; Skopje, Macedonia

• Tbilisi, Georgia; Banjul, Gambia

The least expensive cities in the world are often in unsafe, poverty-stricken, or war-torn areas.

• True

• False