[G3] Inflation

which is called walking inflation?

• 2%

• 7%

• 11%

• 13%

what does cost push effect mean?

• Cost of raw materials rises

• People expect there to be further inflation

• People want to buy more than usual

• The government raises tax

When the governent lower tax what happen?

• inflation increase

• inflation decrease

• inflation stays the same

CPI stands for: (a)   Price Index

Out of the four, who gains from inflation?

• Fixed-Income Earners

• Savers

• Debtors

• Creditors

What does "Velocity" mean?

• Speed at which an object travels

• The time needed for inflation to stablize

• Speed of an individual's income

• Speed a dollar bill travels around economy

The basket has 2 items, 10 bicycles and 20 helmets. To purchase one last year, you'd have to pay $200 and $14 per unit respectively, while this year, the bicycle's price is $250 while that of the helmet stays the same per unit, how much is the inflation?

• 23,25%

• 21,92%

• 22,86%

• 21,93%

What does core inflation exclude?

• Food and fuels

• Government-administered prices

• Housing and construction materials

• Agricultural sector growth

What contributed to the increase in Vietnam's Consumer Price Index (CPI) inflation in September according to the World Bank's report?

• Decrease in prices of food and foodstuffs

• Lower housing and construction materials costs

• Higher prices of food, foodstuffs, and transport services

• Increase in oil prices

What is suggested by the World Bank to bolster long-term economic development in Vietnam?

• Increasing government-administered prices

• Focusing on improving the business climate and investing in human capital

• Decreasing public investment efforts

• Ignoring investment in infrastructure