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Federal Reserve Bank of Boston Economic Quiz

Consumer Price Index 1. What does the consumer price index (CPI) measure? Average change in prices over time Inflation Deflation None of the above 2. Does the CPI capture price changes for imported goods purchased by U.S. consumers? Yes No 3. The average annual rate of inflation was the highest during which of the past few decades? The 1960s The 1970s The 1980s The 1990s 4. How much money would it take in 2002 to have the same purchasing power $1,000.00 had ten years before? Approximately $700.00 Approximately $1,000.00 Approximately $1,300.00 Approximately $2,000.00 Created with QuizScript

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Economic quiz written by: Delia Sawhney - July 15, 2002 Views expressed in the economic quiz are those of the individual author.