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2.1.2 Inflation

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Question 3

Figure 1 – UK average weekly household real income

YearIncome (£)
2015530
2016542
2017538
2018545
2019551
2020540
2021548
2022535

With reference to Figure 1, explain the term 'real income'.

[4]

2.1.2 Inflation Questions

  1. A Level
  2. /Economics
  3. /2.1.2 Inflation