YEAR 10 Inflation and CPI
Authored by Katelyn Ralston
Social Studies
10th Grade
Used 5+ times
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28 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of inflation?
Falling prices
Rising general price level
Increase in wages
Reduction in supply
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which organisation in Australia measures inflation?
RBA
Treasury
ABS
ATO
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does CPI stand for?
Central Price Index
Consumer Pricing Inflation
Consumer Price Index
Cost Price Indicator
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of inflation is caused by increased consumer spending?
Demand-pull
Cost-push
Supply shock
Hyperinflation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of inflation occurs when production costs increase?
Demand-pull
Cost-push
Deflation
Monetary inflation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the target inflation rate in Australia?
0–1%
2–3%
3-4%
5%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If CPI rises from 100 to 105, what is the inflation rate?
5%
10%
2%
15%
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