Search Header Logo

Chapter 11

Authored by Hoang Oanh Nguyen Thi

Specialty

University

Used 1+ times

Chapter 11
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

When the consumer price index rises, the typical family

has to spend more dollars to maintain the same standard of living
can spend fewer dollars to maintain the same standard of living
finds that its standard of living is not affected
can offset the effects of rising prices by saving more

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The consumer price index is used to

track changes in the level of wholesale prices in the economy
monitor changes in the cost of living
monitor changes in the level of real GDP
track changes in the stock market

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The inflation rate is defined as the

price level
change in the price level
price level divided by the price level in the previous period
percentage change in the price level from the previous period

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The CPI is a measure of the overall cost of

inputs purchased by a typical producer
goods and services bought by a typical consumer
goods and services produced in the economy
stocks on the New York Stock Exchange

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The CPI is calculated

weekly
monthly
quarterly
yearly

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In the CPI, goods and services are weighted according to

how much consumers buy of each item
whether the goods and services are necessities or luxuries
the levels of production of the goods and services in the domestic economy
by the expenditures on them in the GDP national income accounts

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

For the CPI, the base year is

the benchmark against which other years are compared, and it changes each year
the benchmark against which other years are compared, and it changes occasionally
the year the CPI first appeared
always 1989

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?