A-LevelEconomicsThe macroeconomy9708/12 · Feb/Mar 2021 · Q261 Mark

The table shows a country's consumer prices index (CPI) for March and April 2018. CPI March 2018 151.3 April 2018 148.6 Which statement correctly describes what happened between these two months?

AThere was a decrease in the annual rate of inflation.

BThere was a decrease in real interest rates.

CThere was an increase in the purchasing power of money.

DThere was an increase in the standard of living.

✓ Correct answer

C: There was an increase in the purchasing power of money.

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Topic: The macroeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Feb/Mar 2021 Paper 1 Variant 2, question 26.

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