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Pearson Edexcel International · IGCSE · Economics

The National Economy: Economic Objectives
Practice Questions

40 Pearson Edexcel International IGCSE Economics questions on The National Economy: Economic Objectives, 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 The National Economy: Economic Objectives.

Try 2 sample questions on The National Economy: Economic Objectives

Question 1 · 1 mark · Difficulty 1/3

Which of these best describes inflation?

  1. A sustained rise in the general level of prices
  2. A one-off rise in the price of a single good
  3. A fall in the general level of prices
  4. A rise in the value of a currency
Show answer & explanation
✓ Answer: A — A sustained rise in the general level of prices
Award 1 mark. Inflation is a continuing increase in the average price level across the economy, which reduces what money can buy. A single price rise is not inflation, a falling price level is deflation, and a rising currency value is appreciation.
Question 2 · 1 mark · Difficulty 1/3

Which of these is a cost of unemployment to individuals?

  1. Higher wages from employers
  2. More choice of jobs to apply for
  3. Lower prices for the goods they buy
  4. Lost income and skills
Show answer & explanation
✓ Answer: D — Lost income and skills
Award 1 mark. Being unemployed means losing earnings, and over time skills and confidence can decline, making it harder to find work again. Higher wages, more job choice and lower prices are not consequences of losing a job.
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20 questions · 25 min · free

Pearson Edexcel International IGCSE Economics: The National Economy: Economic Objectives FAQ

Is Kramizo free for Pearson Edexcel International IGCSE students preparing for Economics?
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Are the The National Economy: Economic Objectives questions aligned to the official Pearson Edexcel International IGCSE Economics syllabus?
Every question is written against the published Pearson Edexcel International IGCSE Economics specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real Pearson Edexcel International 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 Pearson Edexcel International.
How is The National Economy: Economic Objectives typically tested on Pearson Edexcel International IGCSE Economics papers?
The National Economy: Economic Objectives appears across multiple question types on real Pearson Edexcel International IGCSE 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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