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Cambridge IGCSE Economics practice

What is inflation?

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Show answerInflation and deflation revisionRevise the key idea

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MCQ

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cambridge_mcq

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Topic

Inflation and deflation

Exam-style question

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What is inflation?.

  1. A.A decrease in prices
  2. B.An increase in prices
  3. C.A stable price level
  4. D.A measure of economic growth

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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]