Inflation - Short Quiz

Descripción

A level (Macro Economics) Economics Test sobre Inflation - Short Quiz, creado por Bethan Gale el 19/04/2015.
Bethan Gale
Test por Bethan Gale, actualizado hace más de 1 año
Bethan Gale
Creado por Bethan Gale hace más de 9 años
40
1

Resumen del Recurso

Pregunta 1

Pregunta
Inflation is the tendency of prices to rise persistently (eg for more than two quarters)
Respuesta
  • True
  • False

Pregunta 2

Pregunta
How is inflation currently measured?
Respuesta
  • CPI
  • RPI
  • RPIX
  • RPIY

Pregunta 3

Pregunta
How is CPI constructed?
Respuesta
  • Living costs survey
  • Proportion of income used to weigh catagories
  • Mortgage interest payments
  • Amount of indirect tax
  • Increase in index is the percentage of inflation

Pregunta 4

Pregunta
VAT distorts CPI
Respuesta
  • True
  • False

Pregunta 5

Pregunta
Mortgage interest payments are included in CPI
Respuesta
  • True
  • False
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