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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What does the Consumer Price Index measure?
💡 Hint: Think about what consumers typically buy.
Question 2
Easy
Where can we find data for index numbers?
💡 Hint: Consider where official economic data is published.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does the index number primarily help in assessing?
- Population growth
- Economic changes
- Educational achievements
💡 Hint: Focus on what indexes track.
Question 2
True or False: The WPI only considers consumer goods.
- True
- False
💡 Hint: No hint provided
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Using hypothetical data, construct a simple CPI from a set number of goods collected over a year, explaining your methodology.
💡 Hint: Recall how to select your base year and apply it correctly.
Question 2
Devise a presentation to explain how inaccurate index numbers could harm economic policy, using examples.
💡 Hint: Think of historical examples of economic policy failures.
Challenge and get performance evaluation