Understanding Inflation

Understanding Inflation

9th - 12th Grade

5 Qs

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Understanding Inflation

Understanding Inflation

Assessment

Interactive Video

Financial Education

9th - 12th Grade

Practice Problem

Hard

Created by

Kimberly Daues

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What year was the Big Mac introduced, and what was its initial cost?

1972, 55 cents

1967, 45 cents

1965, 30 cents

1970, 50 cents

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary tool used by governments to measure inflation?

Gross Domestic Product

Interest Rate

Consumer Price Index

Unemployment Rate

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country experienced hyperinflation, leading to the printing of trillion-dollar notes?

Germany

Zimbabwe

Hungary

Venezuela

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is a small amount of inflation considered beneficial for an economy?

It encourages economic growth

It decreases the value of money

It raises the cost of living

It increases unemployment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does inflation affect savings over time?

Converts them into investments

Has no effect

Increases their value

Decreases their purchasing power

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