7.4.3 - Index of Industrial Production
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Practice Questions
Test your understanding with targeted questions
What does IIP stand for?
💡 Hint: It relates to measuring industrial output.
Name one use of the Consumer Price Index.
💡 Hint: Think about daily essentials and cost measurements.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does the Index of Industrial Production measure?
💡 Hint: Think about what industrial indicators focus on.
True or False: The Consumer Price Index only considers wholesale prices.
💡 Hint: Recall the definitions of these indices.
1 more question available
Challenge Problems
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Calculate the IIP if the production for 2010 was 100 units, and in 2020 it has grown to 150 units.
💡 Hint: Compare the two production figures and apply the formula!
If CPI shows a rise from 200 to 250, what can we infer about consumer purchasing power over that period?
💡 Hint: Think about what higher prices mean for buying the same goods.
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