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3.4 Price stability

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Question 7

The table shows the annual rate of inflation in two economies over three years.

EconomyYear 1Year 2Year 3
Norland2.0%2.1%1.9%
Westmere1.0%3.0%2.5%

Which economy is closer to price stability? Explain your answer using the data.

[2]
Markscheme

3.4 Price stability Questions

  1. GCSE
  2. /Economics
  3. /3.4 Price stability

62 exam-style questions on OCR GCSE Economics 3.4 Price stability, covering 3.4.1 Price stability and inflation, 3.4.2 Measuring inflation with CPI, 3.4.3 Calculate the effect of inflation, 3.4.4 Analyse inflation figures, and 3.4.5 Causes and consequences of inflation. Each one has a worked solution and a mark scheme showing where the marks go.

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