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IB Economics HL 3.3.4 Low and stable inflation Question Bank

Practise IB Economics SL/HL 3.3.4 by applying low and stable inflation concepts to exam-style questions.

Syllabus
First assessment 2022
Course
Economics HL
Level
HL

Exam points

  • identify the relevant model, concept or evidence
  • apply the correct subject framework to the question
  • evaluate the result using clear evidence and subject terminology

3.3.4—Low and stable inflation question 1

[Maximum number: 2]

The data in Table 2 refer to Kanyaland, a small, open, developing economy in 2019. All data are in billions of Kanyaland dollars (K$).

Table 2

Table 2

Table 3 shows the values of the consumer price index (CPI) between 2016 and 2020 in Kanyaland.

Table 3

Table 3

Using Table 3, calculate the rate of inflation in 2017 and in 2018.

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