9th Grade Inflation Control Quizzes, Questions & Answers

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Inflation in economic terms is the rate in which the prices of daily goods increase. The increased rate puts weight in a country's economy up to a point where its currency does not have value. This quiz gives you a chance...

Questions: 30 | Attempts: 309 | Last updated: Mar 21, 2025

Sample Question 1
What is the definition of inflation?

A. A kind of statistics which shows the changes in the prices of commonly bought goods and services from one year to another.

B. An amount of value which represents the total spending of the year.

C. A rise in the average prices of most goods and services in one year as compared to those in the previous year

D. A fall in the average prices of most goods and services in one year as compared to those in the previous year.

Sample Question 2
On the basis of speed, what are the 4 main types of inflation?

A. Mild inflation, walking inflation, running inflation and hyperinflation.

B. Mild inflation, walking inflation, running inflation and galloping inflation.

C. Mild inflation, walking inflation, galloping inflation and hyperinflation

D. Mild inflation, running inflation, galloping inflation and hyperinflation.

Sample Question 3
The purchasing power of money is measured:

A. on an annual basis

B. on a monthly basis

C. by comparing the exchange rates

D. by comparing the prices of the two goods