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2.1 The measurement of macroeconomic performance

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Question 41

Which one of the following statements about the construction and calculation of the Consumer Prices Index (CPI) is correct?

A

A negative annual rate of inflation means that the CPI index level must be below 100.

B

The representative basket of goods and services remains completely unchanged for a decade to maintain consistent comparison.

C

The weights assigned to categories in the CPI basket are determined by monthly trends in retail sales volumes.

D

The weights allocated to goods and services in the CPI basket are adjusted annually to reflect household expenditure patterns.

Markscheme

2.1 The measurement of macroeconomic performance Questions

  1. A Level
  2. /Economics
  3. /2.1 The measurement of macroeconomic performance

187 exam-style questions on AQA A Level Economics 2.1 The measurement of macroeconomic performance, covering 2.1.1 The objectives of government economic policy, 2.1.2 Macroeconomic indicators, 2.1.3 Uses of index numbers, and 2.1.4 Uses of national income data (A-level only). Each one has a worked solution and a mark scheme showing where the marks go.

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