Paper 3 question on inflation, consumer price index and subsidies
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 inflation, the consumer price index, and subsidies. Questions Answers Kazakhstan is the largest economy in Central Asia with a nominal GDP of $368Bn. Whilst the country’s rate of inflation has...