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3.4 Price stability

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Question 8

A museum charged £125.00 for an annual pass last year. Prices in general are expected to rise by 3% this year.

The museum wants this year's fee to have the same real value as last year's fee. Which fee should it charge this year?

[1]
A

£128.00

B

£128.75

C

£121.36

D

£125.00

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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