CPI

CPI

12th Grade

15 Qs

quiz-placeholder

Similar activities

Measuring Economic Performance

Measuring Economic Performance

9th - 12th Grade

12 Qs

Chapter 24 Review Questions

Chapter 24 Review Questions

9th - 12th Grade

15 Qs

EPF Unit 1.1

EPF Unit 1.1

12th Grade

12 Qs

Business Cycle

Business Cycle

12th Grade

20 Qs

Money and Inflation Day 4 and 6

Money and Inflation Day 4 and 6

12th Grade

19 Qs

Macroeconomic Indicators

Macroeconomic Indicators

12th Grade - University

15 Qs

Macroeconomics part 1

Macroeconomics part 1

12th Grade

13 Qs

CPI

CPI

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

John Robinson

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Did prices go up or down in 2009?
2008 CPI = 212
2009 CPI = 214

Up

Down

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which year is the base year?
1997 CPI = 95
1998 CPI = 97
1999 CPI = 100
2000 CPI = 104

1997

1998

1999

2000

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If a country had a CPI of 104.0 last year and a CPI of 101.0 this year, then

the average quality of goods and services between last year and this year.

the average prices of goods and services increased between last year and this year.

the average prices of goods and services decreased between last year and this year.

the quantity of consumer goods and services produced decreased between last year and this year.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If CPI last year was 177 and the CPI this year is 186, what is the rate of inflation?

8%

7%

6%

5%

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

CPI index for 2016 and 2017 was 125 and 120 respectively.  Based on the information provided, between 2016 and 2017

Price increased by 4%

Price decreased by 4%

Price increased by 5%

Price decreased by 5%

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does CPI measure?

The average change in prices of goods and services consumed by households.

The total value of goods and services produced within a country's borders over a specific period of time.

The percentage of the labor force that is unemployed and actively seeking work.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does CPI stand for?

Consumer Price Inflation

Consumer Price Index

Consumer Price Increase

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?