12th Grade Price Index Quizzes, Questions & Answers

12th Grade

Top Trending Price Index Quizzes

This Economics CPI market quiz assesses understanding of concepts like diminishing returns, the consumer price index (CPI), and the production function. It challenges learners to apply economic theories to practical scenarios,...

Questions: 13 | Attempts: 188 | Last updated: Mar 22, 2025

Sample Question 1
The Idea of diminishing returns means that Real GDP _______ as the quantity of labor increases.

Does not change

Decreases at a slower rate

Increases at a slower rate

Decreases at a faster rate

Increases at a faster rate

Sample Question 2
The consumer price index measures the average of the prices by urban customers for a _______ of consumer goods and services.

Fixed Market Basket

Random Selection

Subjective Selection

Least-cost market basket

Changing Selection

Sample Question 3
The value of the CPI for the reference period is always

100

0

50

10

None of the above we do not know

None of the above we do not know

Recent Price Index Quizzes

Inflation And The Cpi

Inflation and the CPI

This quiz will assess your applied understanding of the concept of inflation and the validity of the CPI as a measure of inflation.

Questions: 6 | Attempts: 609 | Last updated: Mar 22, 2025

Sample Question
Which is not associated with hyperinflation?

War or its aftermath

Rising output in the economy

The hoarding of goods and speculation

A halt to the use of money as both a medium of exchange and a standard of value

Macroeconomics Exam Review

MacroEconomics Exam Review

This MacroEconomics Exam Review assesses key concepts such as inflation, GDP, unemployment, and interest rates. It is designed to enhance understanding of economic indicators and their impact on the economy, making it crucial for...

Questions: 58 | Attempts: 1194 | Last updated: Mar 22, 2025

Sample Question
All of the following will likely trigger increases in output except:

Increases in the labor force

Increases in labor productivity

Increases in interest rates

Increases in consumer spending