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Paper 3 question on measuring inflation, constructing a CPI, and the policies to reduce inflation

IB Economics Paper 3 includes two compulsory questions. This is a sample Paper 3 question. The time allowed for Paper 3 is 105 minutes, so students should spend 52.5 minutes on each question. This Paper 3 style question is on measuring inflation, constructing a CPI, and the policies to reduce inflation. Questions Answers The UK"s inflation rate fell from a peak of 11.1% in October 2022 to 2.2% in July 2024. This period...

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