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Understand how inflation can affect the Singapore economy

Singapore experienced a quarterly growth rate of -0.7% from April to June 2012. However, during the same period, inflation rate remained high at about 5%. Explain why inflation can remain high despite a slowdown in economic growth in Singapore. [10]

Question Requirements


What you need to know to attempt this essay question?

First, explain slowdown in economic growth. Second, explain the different types of inflation and the causes of each type of inflation, which is not due to the slowdown in economic growth.

Chapters

  • Inflation
  • Unemployment

Knowledge Application


How to apply the knowledge to your exam preparation?

From the video, prepare an essay outline on how to tackle the question. Thereafter, aim to complete the essay within 45 mins, so as to improve your writing and thinking skills.

Simon Ng

Founder, JC Economics & General Paper Tutor at Economics Focus
JC Economics Tutor Simon Ng of Economics Focus has been teaching A Level Economics and A Level General Paper since 2003. Simon set up Economics Focus to assist students in their pursuit of academic excellence at the examination by providing economics tuition for H1 and H2 students. JC1 and JC2 students are inspired by Simon's clear teaching methods that enabled them to comprehend economics terms and concepts. Simon developed the Rational Thinking methodology to aid students to excel in their JC economics essays and CSQs.
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