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3.4 Price stability

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Question 3

A pension changes over one year as shown below.

Start of yearEnd of year
Annual pension£11,000£11,330
Consumer Price Index126.0130.4

Calculate the approximate percentage change in the real value of the pension over the year.

[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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