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Study Game - Topic 2.4 - Price Indices and Inflation, Topic 2.5 - Costs of Inflation

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Study Game - Topic 2.4 - Price Indices and Inflation, Topic 2.5 - Costs of Inflation

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Use this game to study Topics 2.4 - 2.6 of AP Macroeconomics.

Created by

Zachary Foust
Zachary Foust
United States

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Study Game - Topic 2.4 - Price Indices and Inflation, Topic 2.5 - Costs of Inflation
 

Study Game - Topic 2.4 - Price Indices and Inflation, Topic 2.5 - Costs of InflationOnline version

Use this game to study Topics 2.4 - 2.6 of AP Macroeconomics.

by Zachary Foust
1

Define price level.

2

Define consumer price index (CPI).

3

Define inflation rate.

4

Define real wages.

5

Define real interest rate.

6

Define market basket.

7

Define base year.

8

Define inflation.

9

Define deflation.

10

Define disinflation.

11

Calculate the consumer price index (CPI) in 2024. Round to the nearest tenth.

12

Assume the price level in 2020 is 258.8, and the price level in 2021 is 271.0. Calculate the inflation rate in 2021.

13

Assume the price level in 2021 is 271.0, and the price level in 2022 is 292.7. Calculate the inflation rate in 2022.

14

Assume the price level in 2022 is 292.7, and the price level in 2023 is 304.7. Calculate the inflation rate in 2023.

15

Assume the price level in 2023 is 304.7, and the price level in 2024 is 313.7. Calculate the inflation rate in 2024.

16

Assume that the nominal interest rate on a loan contract is 6%, and the expected inflation rate is 2%. Calculate the real interest rate.

17

Assume that the nominal interest rate on a loan contract is 6%, and the inflation rate is 5%. Calculate the real interest rate.

18

Which of the following is helped by inflation?

 
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