CAIE A-Level Economics AS 4.6.1 Inflation Deflation and Disinflation Questions

Practise interpreting inflation, deflation and disinflation, changes in price levels and purchasing power, and evidence from graphs, tables and price indices.

Exam points

Define and distinguish inflation, deflation and disinflation, and interpret changes in the general price level and real value of money.

[Maximum number: 1]

The graph shows the rate of inflation for seven countries for 2015 and 2016.

Figure for Question CAIE A-Level Economics AS 4.6.1 Inflation Deflation and Disinflation Questions question 1 — CAIE A-Level Economics AS

What can be concluded from this graph?

Prices in Costa Rica rose in 2015 but remained constant in 2016.

Prices in Ecuador and Mauritius were lower in 2016 than in 2015.

Prices in India and Malaysia remained constant in 2016 and 2015.

Prices in Thailand and Japan were lower in 2016 than in 2015.

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CAIE A-Level Economics AS 4.6.1 Inflation Deflation and Disinflation Questions question 1