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Inflation
Practice Questions

20 CXC CSEC Economics questions on Inflation, each with instant feedback and a full examiner-style mark scheme.

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✨ Revision guide includes key terms, worked examples and exam technique for Inflation.

Try 2 sample questions on Inflation

Question 1 · 1 mark · Difficulty 1/3

What is inflation?

  1. A fall in the general price level over time
  2. A sustained increase in the general price level over time
  3. An increase in the value of money
  4. A decrease in the money supply
Show answer & explanation
✓ Answer: B — A sustained increase in the general price level over time
A sustained increase in the general price level over time. Award 1 mark for identifying inflation as a general rise in prices. A is incorrect — this describes deflation. C is incorrect — inflation causes a decrease, not increase, in the value of money. D is incorrect — a decrease in money supply would typically reduce inflation.
Question 2 · 1 mark · Difficulty 2/3

The Central Bank of Trinidad and Tobago reported that the Consumer Price Index (CPI) rose from 120 to 126 over one year. What was the rate of inflation for that year?

  1. 5%
  2. 6%
  3. 6.5%
  4. 20%
Show answer & explanation
✓ Answer: A — 5%
5%. Award 1 mark for correct calculation: [(126-120)/120] × 100 = 5%. B is incorrect — this would require a rise to 127.2. C is incorrect — miscalculation. D is incorrect — confuses percentage change with absolute difference.
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20 questions · 25 min · free

CXC CSEC Economics: Inflation FAQ

How many CXC CSEC Economics questions on Inflation are there on Kramizo?
Kramizo currently has 20 exam-board-aligned practice questions on Inflation for CXC CSEC Economics, with new questions added every week. Each question gives you instant feedback and a full examiner-style mark scheme that tells you exactly what would earn marks on a real CXC paper. The questions span the full difficulty range — from straightforward recall (level 1) right up to multi-step reasoning and evaluation (level 3) — so the bank works for first-pass revision and final exam-week stress testing alike.
Is Kramizo free for CXC CSEC students preparing for Economics?
Yes — completely free. Every student gets 45 questions a day on the free plan, with no card required and no trial countdown. That free quota works across every subject and every topic in our bank, so you can mix Inflation practice with other Economics topics or even switch to a totally different CXC subject without paying anything. Kramizo's optional Pro plan removes the daily cap and adds detailed progress analytics, but the free tier is the real product — used by thousands of GCSE, IGCSE and CSEC students.
Are the Inflation questions aligned to the official CXC CSEC Economics syllabus?
Every question is written against the published CXC CSEC Economics specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real CXC paper. Explanations are written in the style of official examiner mark schemes — they tell you what is being awarded marks and why distractors are wrong, not just whether you got it right. The bank is continually refined to match the latest syllabus updates from CXC.
How is Inflation typically tested on CXC CSEC Economics papers?
Inflation appears across multiple question types on real CXC CSEC Economics papers — most commonly as multiple-choice questions in the objective section, structured short-answer questions in the main paper, and occasionally as part of an extended response. Kramizo's practice bank reflects that mix: 4-option MCQs, true/false statements, fill-in-the-blank key terms, multi-select questions, and ordering questions. Working through the bank gives you exposure to every question style examiners actually use.

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