plumiPrice stability: OCR GCSE Economics questions
Every OCR GCSE Economics exam question on 3.4 Price stability, 2021–2025, with its mark scheme and examiner’s report.
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All 18 questions on Price stability, as a list
- June 2025, Paper 2, Q9 (1 mark): An individual’s only source of income has risen in nominal value but fallen in real value. As a result, the individual will A be unable to buy all the same prod
- June 2025, Paper 2, Q16 (1 mark): What is a definition of price stability? A A sustained rise in the general price level B GDP per capita increases gradually C Inflation remains constant D Price
- June 2024, Paper 2, Q2 (1 mark): The UK uses CPI to measure inflation. Which statement about CPI is correct? A It does not include the prices of exports B It measures the prices of all goods an
- June 2024, Paper 2, Q5 (1 mark): The table shows the rate of inflation for 2021 and 2022 in five countries. 2021 (%) 2022 (%) Country S 4.7 4.1 Country T –2.4 –0.5 Country V 12.3 3.1 Country W
- June 2024, Paper 2, Q19 (1 mark): If a group of workers was awarded a 10% pay rise, but their productivity had increased by 6%, then the most likely result would be A a fall in consumer confiden
- June 2023, Paper 2, Q8 (1 mark): The Consumer Price Index (CPI) is used to measure inflation. Which statement about CPI is not correct? A It is measured every month B It measures what an averag
- June 2023, Paper 2, Q12 (1 mark): In 2021 the average monthly mobile phone contract was £45. The rate of inflation was 4% in 2021 and 5% in 2022. What was the average monthly mobile phone contra
- June 2023, Paper 2, Q13 (1 mark): A period of price stability is most likely if A prices increase at an acceptably low rate B real values decrease as nominal values increase C the rate of inflat
- June 2023, Paper 2, Q19 (1 mark): The UK’s rate of inflation is forecast by some experts to reach 7% during 2023. What effect will this have on producers? A An increase in consumer confidence B
- June 2022, Paper 2, Q21(a) (2 marks): Using the chart in Extract 1 on page 9, state in which year: 1 prices were at their lowest level. 2 the CPI was at its lowest level. [2]
- June 2022, Paper 2, Q21(b) (2 marks): Using Extract 1 on page 9, explain what happened to the purchasing power of money in Chile between 2007 and mid-2009. [2]
- June 2022, Paper 2, Q21(d)(i) (2 marks): State two causes of inflation. 1 2 [2]
- June 2022, Paper 2, Q21(d)(ii) (2 marks): In 2019, the inflation rate in Chile was 2.6% and the nominal rate of interest on government debt was 1.6%. Calculate the real rate of interest being paid by th
- June 2022, Paper 2, Q21(d)(iii) (6 marks): (iii)* Evaluate the consequences of inflation for the government. Use the information given in Extract 1 on page 9 and your own knowledge. [6]
- November 2021, Paper 2, Q8 (1 mark): Under which of the following circumstances would it be best to be a lender? A The nominal rate of interest is 0 percent and the inflation rate is 0 percent B Th
- November 2021, Paper 2, Q12 (1 mark): Data is often presented in terms of nominal or real figures. The difference between them takes into account A direct taxes B the rate of inflation C the rate of
- November 2021, Paper 2, Q13 (1 mark): How does the consumer price index measure the rate of inflation? A By using changes in the rate of growth of the money supply B By using the increase in the ann
- November 2021, Paper 2, Q19 (1 mark): The table shows the rate of inflation for Country A for 2016–2020. Year Inflation rate % 2016 3.0 2017 2.0 2018 2.0 2019 1.5 2020 2.5 Which of the statements is
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