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Edexcel A-Level Economics AS 2.3.1 2d Producer Wholesale Price Index As an Indicator of Future Trends in the Rate of Questions

Study Edexcel Economics producer-price-index questions by interpreting movements in input prices as possible signals of future consumer-price trends.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
AS

Exam points

  • interpret a falling producer price index as lower input-cost pressure that may reduce consumer prices

Edexcel A-Level Economics AS 2.3.1 2d Producer Wholesale Price Index As an Indicator of Future Trends in the Rate of Questions question 1

[Maximum number: 1]

South Korea’s producer price index fell from July to September 2019. What was the most likely effect?

A

Real incomes fall

B

Cost-push inflation

C

Consumer prices fall

D

Base rate rises

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