U.S. Inflation Climbs to 40-Year High at 7.9% in February

U.S. Inflation Climbs to 40-Year High at 7.9% in February

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the rise in inflation rates, highlighting an 8-tenths increase in February, leading to a 7.9% annual rate, the highest since 1982. It covers the core rate increase, the impact of the Ukraine war, and significant price changes in gasoline and food. Used car prices show a rare decline, while service prices rise, indicating economic shifts as COVID lockdowns end.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the annual inflation rate in February, and how does it compare historically?

7.9%, the highest since January 1982

6.4%, the highest since January 1982

7.9%, the highest since January 1990

6.4%, the highest since January 1990

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which event in February is not fully reflected in the inflation data?

The end of the COVID lockdowns

The start of the COVID-19 pandemic

The U.S. presidential election

The beginning of the war in Ukraine

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which two categories were major contributors to the inflation increase?

Gasoline and food prices

Housing and healthcare costs

Travel and entertainment costs

Technology and education expenses

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What unusual trend was observed in the used car market?

Prices remained stable

Prices decreased by 2/10 of a percent

Prices increased by 1%

Prices increased by 2/10 of a percent

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the increase in service prices suggest?

A decrease in consumer demand

An increase in service price pressures

A stabilization of the economy

A decrease in inflation