Economics Multiple Choice Question – 5 August 2019

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

Economics

The table below shows the inflation rate for an economy between 2012 and 2015.

Table 65

What can be concluded from the information?

Select ONE answer:

  1. The price level was lowest in 2014.
  2. The price level was lowest in 2016.
  3. The economy experienced deflation over the whole period.
  4. The value of money rose over the whole period.

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS5 classes.

The answer is 1

  1. Correct: The price level rose over the period 2014 to 2017 and so it was at its lowest in 2014.
  2. The price level did fall in 2016 but it was still higher than in 2014.
  3. The economy experienced deflation in 2016 but over the period the price level rose.
  4. The value of money fell over the period as the price level rose.

 

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s