• Wrong document? Swap it for free
  • Written by students who passed
  • Immediately available after payment
  • Read online or as PDF
  • 4.6 TrustPilot
0
Sell
Where do you study
Your language
Start selling Create your account
  • PEARSON (PEARSON)
  • Economics A
  • Unit 2 - The UK economy - performance and policies
To add items to your wishlist, you must be logged in
Document preview thumbnail
Preview 2 out of 9 pages
Summary

Summary Economics Edexcel - 2.1 Flashcards - Inflation

0.0
(0 reviews)
- sold
9 pages
2023/2024 Written for academic year
Institution
PEARSON (PEARSON)
Course
Unit 2 - The UK economy - performance and policies
Document preview thumbnail
Preview 2 out of 9 pages

Flashcards that were created and used by an A* student. Detailed explanations, diagrams and definitions, along with associated questions. These notes are in a FLASHCARD format designed for students who want to achieve TOP grades by testing themselves or getting others to test them. Enjoy :)

Content preview

Inflation

What is meant by inflation ?
What is meant by deflation ?
What is meant by disinflation ?




QUESTION




Inflation: a sustained rise in the average price level over time.



Deflation: a sustained fall in the average price level over time.



Disinflation: a fall in the rate at which the general price is rising.




ANSWER

, CPI - consumer price
index
What is the CPI?
What is the CPI used for?
What is the CPI represented as ?
What is the base year?
How to calculate percentage change?


QUESTION


CPI: is the weighted average of items on which people spend their money.



The rate of inflation is measured by the UK by changes in the CPI.
• It is also used to make international comparisons of the rate of inflation.


The CPI is an index number. This means it is a number shown as a percentage relative to the
base year.
The base year is given the value 100.

The percentage change is the CPI between the two years is inflation rate.
Percentage change = (new - old)
Old




ANSWER

Document information

Study Level
A/AS Level
Subject
Economics A
Uploaded on
December 31, 2023
Number of pages
9
Written in
2023/2024
Type
Summary
Report Copyright Violation
$5.22
Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF
Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
erinhurst
4.6
(17)
Sold
79
Followers
41
Items
53
Last sold
9 months ago

Browse related subjects

Subjects

  • economics
  • edexcel
  • inflation

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Learn more Create citation
Working on your references?

Frequently asked questions