Inflation
Authored by Rebecca Bates
Mathematics
9th - 12th Grade
CCSS covered
Used 22+ times
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16 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In general, what happens to money that you have saved in a jar in your closet for 20 years?
I will be able to buy more with it than I could when I saved it.
I will be able to buy less with it than I could when I saved it.
It's the same amount of money so I will be able to buy the same with it than when I saved it.
Tags
CCSS.HSF.LE.A.1
CCSS.HSF.LE.A.2
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the biggest problem with this statement?
"I will be getting a pension of $1500 a month. This is enough to cover my expenses now, so I will be Ok for the rest of my life"
It does not account for inflation.
This person might lose their pension.
This person should be saving their money
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is the minimum wage now higher than the minimum wage when your dad was your age?
Because more people go to college
Because the population has increased
Because price inflation has caused wage inflation
Employers are nicer now than they used to be
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
High inflation is good for the economy.
True
False
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Deflation (when prices go down) is good for the economy.
True
False
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When someone says "in today's dollars", they are...
Talking about money that they earned today.
Adjusting for inflation
Complaining about taxes
Tags
CCSS.6.RP.A.3D
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A small level of inflation is good for the economy.
True
False
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