Skip to content

Course home

Sign up

2.3 Economic performance

EasyMediumHard
123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120121122123124125126127128129130131132133134135
Question 103

Table 1 shows the weights used in the Consumer Prices Index (CPI) for a selection of categories in 2015 and 2025.

Table 1: CPI weights (parts per 1000) for selected categories

Category2015 weight2025 weight
Food and non-alcoholic beverages110110
Transport150138
Education1824
Clothing and footwear6055
All goods515480
All services485520

The data in Table 1 indicate that between 2015 and 2025 the

A

average price of 'Transport' fell, because its weight decreased from 150 to 138.

B

proportion of total consumer expenditure allocated to 'Food and non-alcoholic beverages' by a typical household was the same in both years.

C

total nominal spending of a typical household on 'Clothing and footwear' must have decreased.

D

price of 'Education' increased by 33.3%33.3\%33.3% over the ten-year period.

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.

Question bank