
Consumer Price Index
Authored by John Robinson
Social Studies
12th Grade

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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
__________ are common products that consumers buy in a month.(used for CPI)
market basket
inflation
fiscal policies
monetary policy
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The Consumer Price Index (CPI) is best used to determine
the Dow Jones Index.
the rate of inflation.
the unemployment rate.
currency exchange rates.
3.
MULTIPLE SELECT QUESTION
1 min • 1 pt
CPI is also known as:
Cost of Living Index Number
Cost of Life Index Number
Retail Price Index Number
Price of Living Index Number
4.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Consumer Price Index Number include the following:
Food
Housing
Clothing
Entertainment
Education
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An index that measures the prices of a market basket of goods that typical consumers purchase.
Consumer Price Index
Federal Reserve
Bank
Deflation
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Fill in the blank: When inflation is high the _______________of the dollar decreases.
cost value
purchasing power
importance
validity
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the Consumer Price Index (CPI) measure?
A) The average change in prices over time that consumers pay for a basket of goods and services
B) The total amount of goods produced in a country
C) The average income of consumers
D) The total number of consumers in a market
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