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by BlastRoom
Explore how the CPI measures price changes and how those changes affect purchasing power.
#us_hs_economics
25 questions
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Use the illustrative CPI table. What was the inflation rate from 2019 to 2020?
Use the illustrative CPI table. What was the inflation rate from 2021 to 2022?
Use the illustrative CPI table. What was the inflation rate from 2022 to 2023?
Use the illustrative CPI table. What was the rate of inflation from 2020 to 2021?
Use the illustrative CPI table. What was the inflation rate from 2018 to 2019?
A retiree receives a fixed $2,000 pension each month while the overall price level rises. What happens to the pension's purchasing power?
Nora's salary rises 4 percent this year, while the CPI rises 6 percent. What happens to her purchasing power?
Devon keeps $500 in cash. If the overall price level falls, what happens to the purchasing power of that cash?
Maya's weekly pay rises from $500 to $525, but the overall price level rises 10 percent. What happens to her purchasing power?
A worker's pay rises 3 percent in a year when the CPI also rises 3 percent. Compared with the start of the year, what happens to purchasing power?
Over many months, the average prices of goods and services throughout an economy rise. What is this called?
For a year, the overall price level falls and consumers can generally buy more with each dollar. What is this called?
Gas prices rise after a hurricane disrupts refineries, while most other prices stay unchanged. What can be concluded?
The overall price level rose 7 percent last year and 2 percent this year. What occurred this year?
Ana borrowed money at a fixed interest rate and must make fixed dollar payments. Unexpected inflation follows. Who benefits most?
A credit union makes a long-term fixed-rate loan, then inflation is higher than expected. How is the credit union affected?
Luis agrees to work all year for a fixed $50,000 salary. Inflation is higher than expected during the year. Who is harmed by the price change?
A borrower owes fixed dollar payments when unexpected deflation occurs. How does deflation affect the borrower?
What does the consumer price index measure?
Which federal agency publishes the Consumer Price Index in the United States?
Consumers and businesses sharply increase spending while the economy is already near full capacity. What type of inflation can result?
The cost of steel, fuel, and shipping rises, causing many firms to raise prices. What type of inflation does this describe?
Look at the illustrative price-index line graph. What does the overall upward trend show?
Look at the illustrative price-index line graph. How did prices change after 2021?
Look at the illustrative price-index line graph. Between the first and last year shown, what happened to the purchasing power of a dollar?
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Poverty, Income Distribution and Inequality
20 questions
