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2.1 The measurement of macroeconomic performance

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Question 47

Context 1: INFLATION AND MACROECONOMIC MEASUREMENT

Extract A: Annual Inflation rates (%) in the Republic of Vesperia as measured by the Consumer Prices Index (CPI) and the Core Consumer Prices Index (Core CPI), 2016–2023

YearCPI (%)Core CPI (%)
20161.21.5
20172.11.9
20182.41.8
20191.51.6
20200.61.1
20213.42.8
20228.26.1
20235.64.8

Using Extract A, calculate the difference between the annual average value of CPI and the annual average value of Core CPI for the years 2018 to 2021, and identify one other significant comparison between the CPI and the Core CPI for the period 2016 to 2023.

[5]

2.1 The measurement of macroeconomic performance Questions

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