Economic Indicator practice

Economic Indicator practice

12th Grade

17 Qs

quiz-placeholder

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Economic Indicator practice

Economic Indicator practice

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

Jayme Pieretti

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

When Inflation occurs,

Price decreases in the economy
The purchasing power of money decreases in the economy
The dollar appreciates on foreign exchange markets
Basic necessities become cheaper

2.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

Hyper inflation occurs when

Real GDP decreases at the same time inflation is increasing
Unemployment, Real GDP, and inflation decrease together
Real GDP increases at the same time inflation is decreasing
Inflation increases by a large amount in a short time period.

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Comparing the cost of goods from year to year allows an economist to determine _______.

The Producer Price Index
The Consumer Price Index
The current direction of GDP
How much unemployment is in the economy

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If one wanted to know whether there had been inflation or not, the BEST measure to observe would be the

GDP
Business cycle
CPI
National Dept

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Money loses its value when it

It becomes too plentiful
becomes too portabale
is divisible
is durable

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A general increase in prices is called

inflation

purchasing power

the CPI

a price index

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The inflation rate is

the ability to buy goods or services

measured in fixed dollars

not an important measure to economists

the percentage change in prices over time

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