No explanations needed would be great if you can do it in 30min :)

Question

If the inflation rate is negative, the price level is falling and we have ________.

depression

recession

deflation

economic slowdown

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Question

A final good or service is something that is produced for its ________ and not as a component of another good or service.

consumer

customer

final user

buyer

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Question

A major purpose of the Consumer Price Index is to measure changes in the cost of living and in the value of money. To measure these changes, we calculate the ________, which is the percentage change in the price level from one year to the next.

production rate

interest rate

inflation rate

deflation rate

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Question

Using DPI and adjusting for PPP, U.S. households are wealthier than most other countries. In 2009, the Organization for Economic Cooperation and Development reported that only ________ had higher incomes than the United States after adjusting for the purchasing power of each country's currency.

Germany and Italy

Japan and China

Norway and Switzerland

Austria and France

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Question

Suppose the current year is 2011 and the CPI is 140 and the previous year was 2010 and the CPI was 110. What is the rate of inflation?

23.8 percent

27.3 percent

21.6 percent

17.3 percent

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Question

________ influence the extent to which workers search for jobs.

Marketing researchers

Demographic changes

Public policies

Consumer behaviors