CPI Quiz

CPI Quiz

1st Grade

11 Qs

quiz-placeholder

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CPI Quiz

CPI Quiz

Assessment

Quiz

Business

1st Grade

Practice Problem

Medium

Created by

Delia Eleazar

Used 3+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Refers to the price at which a commodity is sold in small quantities for consumption

Retail/Consumer Price

Price

Index Number

Weight

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount or value paid in exchange for the commodity or service rendered

Retail Price Index

Price

Unit of Measure

Unit of Measure

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An indicator of the change in the average retail prices of a fixed basket of goods and services commonly purchased by an average Filipino household. It shows how much on the average, prices of goods and services have increased or decreased from a particular reference period known as base year

Seasonally Adjusted CPI

Consumer Price Index (CPI)

Retail Price Index (RPI)

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Refers the annual rate of change or the year-on-year change of the CPI expressed in percent and interpreted in terms of declining purchasing power of money

Retail Price Index (RPI)

Core Inflation

Headline Inflation

Inflation Rate

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Refers to the detailed description of the commodity such as brand, packaging, size and unit of measure or other characteristics that will best describe the product/commodity and are important in the determination of prices

Commodity Specifications

Sample Outlets

Unit of Measure

Markets

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A term that is generally used to describe any extreme value in a set of survey data. In a CPI context, it is used for an extreme value of price or price relative that requires further investigation or that has been verified as being correct

Mean

Outlier

Median

Range

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Rice kernel from which the hull, the germ, the outer bran layers and the greater part of the inner bran layers have been removed, but parts of the lengthwise streaks of the bran layers shall be less than 20% of the kernels

Special Rice

Regular Milled

Well Milled

Rice

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