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3.4 Price stability

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Question 8

A price index for a basket of goods and services is shown below.

YearPrice index
1100.0
2106.0
3111.3

Explain what the figures show about inflation over these two years.

[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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