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3.4 Price stability

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Question 21

Nominal wages rise by 3% while inflation is 5%. What happens to real wages?

[1]
A

They fall

B

They rise by 8%

C

They are unchanged

D

They rise by 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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