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Learning objective

Explain what inflation and deflation are.

Read the explanation, check the common trap, then practise with flashcards and questions.

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Exam focus

  • Read the explanation.
  • Check key terms.
  • Practise with linked questions.
Cambridge IGCSE EconomicsGovernment and the macroeconomy

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Quick explanation

Explain what inflation and deflation are

  • This point belongs to Inflation and deflation, especially Inflation and deflation outcomes.
  • You need to be able to explain what inflation and deflation are.
  • The key ideas to know are Define and Describe.
  • Use the linked flashcards and practice questions to check recall, then practise applying the idea in an exam-style answer.

Key concepts

DefineDescribe

Why it matters

This objective helps connect Inflation and deflation outcomes to exam-style questions, flashcards, and revision notes for Inflation and deflation.

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Practice Questions7 linked questions

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Paper 2 structured question: Inflation and deflation

Paper 2Structured Questions1 marks

Description

Rising Prices in Economy

The country has seen a consistent increase in the prices of goods and services over the past year, leading to concerns about inflation.

  1. a

    State What is the term used to describe the general increase in prices?

    Aim for approximately 1 distinct marking point.

    [1]
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Cambridge IGCSEEconomics resources