UK Inflation Quiz
Authored by Mr P Harvey
Business
1st Grade
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the current UK inflation rate?
11.1%
5.3%
3.9%
2%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the percentage increase in food prices compared to September 2021?
29%
20%
10%
40%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the reason for recent falls in the price of oil?
Rising interest rates in Europe
Tumbling demand in Asia and Europe
Increased demand in Asia
Political stability in the Middle East
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the measure of core inflation after excluding fuel and food?
5.1%
11.1%
5.7%
3.9%
5.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the main reason for the Bank of England to keep interest rates high next year?
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6.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the fear for the UK's fate next year if services companies continue to pass on higher costs?
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OFF
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main concern of central banks regarding early interest rate cuts?
Increasing consumer demand
Causing a recession
Stimulating economic growth
Reducing unemployment
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