The Consumer Prices Index (CPI) increases from 150 to 159 over a twelve-month period. This indicates that
the cost of living has risen by exactly 9%9\%9% for all individual households.
the average price level of goods and services in the basket has increased by 6%6\%6%.
the rate of inflation over the twelve-month period is 9%9\%9%.
the price of every item in the consumer basket has risen by 6%6\%6%.
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.