The table below shows the Consumer Prices Index (CPI) for a country in Year 1 and Year 2.
| Year | Consumer Prices Index |
|---|---|
| Year 1 | 250 |
| Year 2 | 240 |
The figures in the table indicate that, approximately, between Year 1 and Year 2:
the purchasing power of money increased by approximately 4%.
the rate of inflation was −10%-10\%−10%.
the price level of consumer goods decreased by 10%.
the real standard of living increased by 4%.
327 exam-style questions on AQA A Level Economics 2.3 Economic performance, covering 2.3.1 Economic growth and the economic cycle, 2.3.2 Employment and unemployment, 2.3.3 Inflation and deflation, and 2.3.4 Possible conflicts between macroeconomic policy objectives. Each one has a worked solution and a mark scheme showing where the marks go.