GDP/Inflation

GDP/Inflation

11th Grade - University

20 Qs

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GDP/Inflation

GDP/Inflation

Assessment

Quiz

Social Studies

11th Grade - University

Medium

Created by

Sara Howard

Used 9+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

When inflation is high the _______________of the dollar decreases

cost value
purchasing power
importance
validity

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is inflation?

rise in all prices
rise in most prices
rise in some prices
rise in general prices

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An index that measures the prices of a market basket of goods that typical consumers purchase.

Consumer Price Index
Federal Reserve
Bank
Deflation

4.

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

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What 2 types of inflation are there?

demand pull and cost push
demand pull and supply glut
supply glut and demand side
supply inflation and demand inflation

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following groups suffer from high inflation

Borrowers
Lenders
Taxpayers
Property Investors

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What causes cost push inflation

An increase in demand for goods and services
An increase in supply
A rise in production costs passed on to consumers
A fall in the price of imports

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