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Inflation activity 2011 cpi

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  • 1. Name:________________ Inflation 1. CPI stands for: 2. Formula Theories for Quantity Theory Short Definition Example Cost Push Demand Pull 3. What is the danger of the US government printing up $1 trillion new dollars into the economy? 4. Calculate the inflation rate in 2010 for Brazil (in Brazilian Reals) 2010: Housing 100 Food 20 Medical Care 70 Transportation 20 Energy 30 Apparel 10 2011: Housing 102 Food 24 Medical Care 72 Transportation 32 Energy 32 Apparel 11 5. Is this a good or bad inflation rate? 6. What would you suggest the Brazilian government do about this situation?
  • 2. Name:________________ 7. Calculate the inflation rate in 2011 for Egypt (in Egyptian Pounds). 2010: Housing 50 Food 2 Medical Care 15 Transportation 5 Energy 3 Apparel 5 2011: Housing 48 Food 6 Medical Care 17 Transportation 6 Energy 4 Apparel 5 8. Calculate the inflation rate in 2011 for Mozambique (in metical millions,) 2010: Housing 1 Food 2 Medical Care 10 Transportation 3 Energy 5 Apparel 1 2011: Housing 2 Food 4 Medical Care 20 Transportation 6 Energy 10 Apparel 2 9. Is this a good inflation rate for Mozambique? 10. Calculate the inflation rate in 2011 for Spain (in Euros,) 2010: Housing 500 Food 35 Medical Care 30 Transportation 50 Energy 25 Apparel 20 2011: Housing 480 Transportation 45 Food 50 Energy 20 Medical Care 45 Apparel 20 11. Is this a good inflation rate for Spain? 12. If you had to choose to live in Spain, Egypt, Brazil or Mozambique and you were personally employed, where would you live? Explain why. 13. Which 3 decades did the US face the worst inflation over the last century? 14. Has inflation been a problem in the US during your life time? LOOK AT THE GRAPH!