3. USAEO Macroeconomics
Inflation And Price Indices — Quiz
Test your understanding of inflation and price indices with 5 practice questions.
Practice Questions
Question 1
Which of the following is the most commonly used measure of inflation in the United States?
Question 2
If the Consumer Price Index (CPI) was 220 last year and is 231 this year, what is the annual inflation rate?
Question 3
Which of the following is an example of cost-push inflation?
Question 4
Suppose the nominal interest rate is 6% and the inflation rate is 2%. What is the real interest rate?
Question 5
Which of the following best describes the Laspeyres price index?