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3.4 Price stability

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Question 9

A country's CPI index was 100 in Year 1, 105 in Year 2 and 107.1 in Year 3.

Which statement is supported by the index data?

[1]
A

The inflation rate fell in Year 3, so the price level fell in Year 3

B

The inflation rate rose to 7.1% in Year 3, and the price level rose in Year 3

C

The inflation rate was 2.1% in Year 3, and the price level rose in Year 3

D

The inflation rate fell in Year 3, and the price level rose in Year 3

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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