
Understanding CPI and Inflation
Interactive Video
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1st Grade - University
•
Medium

Aiden Montgomery
Used 1+ times
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Consumer Price Index (CPI) measure?
The cost of a typical basket of goods
The average income of households
The total population of a country
The employment rate in a nation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which items are included in the typical basket of goods in Jacksonia?
Clothing, electronics, and furniture
Fruits, vegetables, and meat
Milk, eggs, and bread
Bread, cream cheese, and books
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much does the weekly basket cost in 2015?
$93
$186
$100
$230
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the cost of the weekly basket in 2016?
$100
$230
$186
$93
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the CPI calculated for a given year?
Number of goods sold divided by number of goods produced, times 100
Cost of basket in the year divided by cost in base year, times 100
Total population divided by number of households, times 100
Total income divided by total expenses, times 100
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the CPI for 2017 using 2016 as the base year?
200
124
100
50
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the rate of inflation between 2015 and 2016?
50%
24%
100%
0%
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