The weights used in the calculation of the Consumer Prices Index (CPI) are updated annually. This updating process ensures that the inflation measure reflects changes in
the rate of growth of productive capacity in the economy.
the proportion of aggregate demand accounted for by net exports.
the spending patterns and consumption habits of households.
the distribution of income among different socio-economic groups.
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.