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Cambridge IGCSE Economics practice

Paper 2 structured question: Inflation and deflation

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Inflation and deflation

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Paper 2Structured Questions4 marks

Inflation and deflation are important economic indicators.

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Inflation and Deflation

Inflation occurs when the general price level rises, while deflation occurs when it falls. The CPI is used to measure these changes.

  1. a

    Explain How does the CPI measure inflation?

    Aim for approximately 4 distinct marking points.

    [4]

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Paper 2 structured question: Inflation and deflation

Paper 2Structured Questions1 marks

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Understanding CPI

The CPI measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

  1. a

    State What does CPI stand for?

    Aim for approximately 1 distinct marking point.

    [1]