WorksheetsCost of Living
Total questions: 10
Worksheet time: 5mins
Living in general is expensive.
True
False
The Bureau of Economic Analysis breaks it down to following categories.
Housing, Transportation, Entertainment
Health Care, Food & Apparel
Taxes, Education and other goods/services
All of the above
Which expenses fall in the Housing category?
Cost o movie ticket
Car payment
Renter insurance
College tuition
What is the cost of living index used for?
To compare how much people earn in different cities
To compare living cost and the purchasing power in two or more cities.
To compare different tax bracket.
To compare how much insurance do you need in certain city.
What is Consumer Price Index?
Measurement of available housing
Measurement of import/export
Measurement of salary
Measurement of inflation
The index will help you determine how far can make your paycheck go.
True
False
If you live in Hong Kong where the public transportation is super great and convenience. You need to allocate more resource to the expensive housing. Which is the best option?
You should own a car anyway for convenience.
You should use the public transportation with no car owning.
You should own a car and use some public transportation.
None of the above.
According to this article, which top three cities are the most expensive to live?
New York City, USA; Beijing, China; Shanghai, China
Hong Kong, HKSAR; Tokyo, Japan; Singapore
Shanghai, China; Singapore; Ashgabat, Turkmenistan
Seoul, South Korea; Zurich, Switzerland; New York, United States
According to this article, which two cities are the least expensive in the world?
Managua, Nicaragua; Tunis, Tunisia
Tunis, Tunisia; Tashkent, Uzbekistan
Karachi, Pakistan; Skopje, Macedonia
Tbilisi, Georgia; Banjul, Gambia
The least expensive cities in the world are often in unsafe, poverty-stricken, or war-torn areas.
True
False
