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2.1 The measurement of macroeconomic performance

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Question 46

The table below shows the expenditure weights and price index numbers for three main categories of consumer spending in a hypothetical economy for Year 1 and Year 2. Year 1 is the base year.

Spending CategoryWeightYear 1 Price IndexYear 2 Price Index
Food & Drink300100108
Housing & Energy450100104
Transport & Services250100112
Total1000

Using these data, what is the rate of inflation between Year 1 and Year 2?

A

7.20%7.20\%7.20%

B

8.00%8.00\%8.00%

C

7.40%7.40\%7.40%

D

8.80%8.80\%8.80%

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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