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2.1 The measurement of macroeconomic performance

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Question 50

Table 1 shows the Consumer Price Index (CPI) for an economy over a nine-year period.

Table 1: Consumer Price Index (CPI)

YearCPI
2014110
2016118
2018126
2020122
2022130

Which one of the following can be concluded from Table 1?

The price of a typical basket of goods and services rose continuously between 2014 and 2022.

The rate of inflation between 2014 and 2016 was identical to the rate of inflation between 2016 and 2018.

The purchasing power of money increased between 2018 and 2020.

Real household income fell by approximately 6.6%6.6\%6.6% between 2020 and 2022.

2.1 The measurement of macroeconomic performance Questions

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