The table below shows the Consumer Prices Index (CPI) for a country in 2015 and 2016.
| Year | Consumer Prices Index |
|---|---|
| 2015 | 150 |
| 2016 | 156 |
The figures in the table indicate that, approximately, between 2015 and 2016
the purchasing power of money fell by 4%.
the rate of inflation was 6%.
the price level of consumer goods increased by 6%.
the 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.