# Ch 71: Inflation Measurement & Adjustment - ORELA Middle Grades Social Science

Let us help you prepare for the ORELA Middle Grade Social Science exam with this chapter explaining inflation measurement and adjustment. Use our video lessons and self-assessment quizzes to prepare for the questions you'll see on the exam.

## Inflation Measurement and Adjustment - Chapter Summary

The lessons in this chapter describe inflation and its related concepts. The consumer price index, cost of living, and the GDP deflator are discussed, as well as wage adjustment and gross domestic product. GDP calculation, types of inflation and their various causes and effects are also explained. By the end of this chapter, you should be able to:

• Define each type of inflation
• Describe the effects of inflation on supply and demand
• Understand the consumer price index
• Calculate gross domestic product
• Measure the cost of living

Our knowledgeable instructors will walk you through these topics in preparation for the ORELA Middle Grades Social Science exam. Video lessons and corresponding quizzes will assist you in conceptualizing this information and expose you to the types of questions you'll see on the actual exam.

### Inflation Measurement and Adjustment Chapter Objectives

The ORELA Middle Grades Social Science exam is required for teacher licensing in the state of Oregon. The Inflation Measurement and Adjustment chapter covers topics that are part of the economics portion of the exam, which constitutes about 12% of the ORELA test. The lessons guide you in developing reading strategies to identify the elements of texts you'll encounter on the exam. Self-assessment quizzes follow each video lesson to ensure full comprehension of the material so you'll be fully prepared for the ORELA exam.

This exam is made up of multiple-choice questions covering world and US history, geography, culture and economics, in addition to economics. The objective of the exam is to ensure teacher preparation and compliance with student learning standards.

11 Lessons in Chapter 71: Inflation Measurement & Adjustment - ORELA Middle Grades Social Science
Test your knowledge with a 30-question chapter practice test
Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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