CFA #8

The​ ​Consumer​ ​Price​ ​Index​ ​(CPI)​ ​can​ ​be​ ​defined​ ​as

• The​ ​market​ ​value​ ​of​ ​all​ ​final​ ​goods​ ​and​ ​services

• A​ ​measure​ ​of​ ​inflation​ ​based​ ​on​ ​the​ ​cost​ ​of​ ​a​ ​fixed​ ​“market​ ​basket”

Inflation is measured by...

• Consumer Price Index (CPI).
• Gross National Product (GNP).
• Gross Domestic Product (GDP).
• Securities & Exchange Commission (SEC).

The central bank in the USA that regulates the monetary system

• The Fed
• FDIC

How many Federal Reserve Districts are in the U.S?

• 9
• 12

Inflation:

• Always reduces the cost of living

• Reduces the purchasing power of a pound

It is the study of the nations economy as a whole.

• Microeconomics

• National economy

• National output

• Macroeconomics

It is the measure of a country's total production of final goods and services in a given period of time.

• Gross National Product

• Gross Domestic Product

• Exports

• Imports

Which of the following situation describes unemployment?

• Robert is a full-time student.

• Sharon just graduated from college.

• George earns 70 pesos an hour.

• Gene works after school as a bagger at a local grocery store.