Day: September 30, 2017

Economics Multiple Choice Question – 30 September 2017

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

The chart below shows the annual percentage change in the UK Consumer Prices Index (CPI) – January 2008 – October 2013.

Chart 01

Which ONE of the following can be inferred from the chart above?

Select ONE answer:

  1. There was deflation in the UK economy between September 2008 and September 2009
  2. The CPI inflation rate was higher in September 2012 than in September 2009
  3. From January 2011 to January 2012, the average price level in the UK fell
  4. From May 2010 to September 2010, the cost of living in the UK fell
  5. From September 2011 to September 2012, the cost of living rose in the UK

Explain TWO limitations of using the CPI to measure the rate of inflation.
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 2 – The CPI in September 2012 was 2%, whilst in September 2009 it was 1%

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