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2.1 The measurement of macroeconomic performance

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Question 34

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.

2.1 The measurement of macroeconomic performance Questions

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