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2.3 Economic performance

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Question 58

Between 2022 and 2023, the weight applied to the transport sector in the Consumer Prices Index (CPI) basket rose from 138 to 144.

As a result of this change, it must be true that

A

average consumer prices in the transport sector increased by approximately 4.3%4.3\%4.3% between 2022 and 2023.

B

the proportion of average household consumption expenditure allocated to transport services rose in 2023.

C

total household expenditure in the economy on transport services was higher in 2023 than in 2022.

D

the transport sector experienced a higher rate of inflation than any other sector in the CPI basket in 2022.

Markscheme

2.3 Economic performance Questions

  1. A Level
  2. /Economics
  3. /2.3 Economic performance

327 exam-style questions on AQA A Level Economics 2.3 Economic performance, covering 2.3.1 Economic growth and the economic cycle, 2.3.2 Employment and unemployment, 2.3.3 Inflation and deflation, and 2.3.4 Possible conflicts between macroeconomic policy objectives. Each one has a worked solution and a mark scheme showing where the marks go.

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