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3.4 Price stability

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Question 4

A survey for a new CPI basket finds that households spend the following amounts in a typical month:

ItemAverage monthly household spending
Restaurant meals and takeaways£96
Home heating£72
Fresh bread£24
Prescription medicines£9

Which item should receive the greatest weight in the basket?

[1]
A

Prescription medicines

B

Fresh bread

C

Restaurant meals and takeaways

D

Home heating

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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