Skip to content

Course home

3.4 Price stability

3.4 Price stability

EasyMediumHard
123456789
Question 7

Food has a 20% weight in a CPI basket and rises in price by 8%. Housing has a 40% weight and rises by 4%. Transport has a 40% weight and falls by 1%. What is the weighted inflation rate?

[1]
A

2.2%

B

2.8%

C

3.6%

D

11.0%

Markscheme

3.4 Price stability Questions

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

30 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.

Question bank