Personal Finance 9/12/24

Personal Finance 9/12/24

9th - 12th Grade

35 Qs

quiz-placeholder

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Personal Finance 9/12/24

Personal Finance 9/12/24

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Medium

Created by

Jason Stubblefield

Used 1+ times

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35 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When inflation is high the _______________of the dollar decreases

cost value
purchasing power
importance
validity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is inflation?

rise in all prices
rise in most prices
rise in some prices
rise in general prices

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most countries try to maintain an inflation rate of ______ per year.

One percent or less

Two to three percent

Four to five percent

Six to seven percent

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The _______ considers the weighted averages of a group of consumer goods and services.

Consumer price index

Aggregate supply

Producer price index

Aggregate demand

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is inflation?

Increase general price level of goods and services

Increase price level from one private organisation

Decrease general price level of goods

Increase general price level of services

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Consumer Price Index Number include the following:

Food

Housing

Clothing

Entertainment

Education

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The rate of inflation is most commonly measured by use of

a price deflator

the GDP deflator

the consumer price index

all of the above

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