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3.4 Price stability

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Question 21

Why are different items given different weights in the Consumer Price Index?

[1]
A

To ensure every item has the same price

B

To reflect their relative importance in household spending

C

To exclude services from the index

D

To measure unemployment at the same time

Markscheme

3.4 Price stability Questions

  1. GCSE
  2. /Economics
  3. /3.4 Price stability

62 exam-style questions on OCR GCSE Economics 3.4 Price stability, covering 3.4.1 Price stability and inflation, 3.4.2 Measuring inflation with CPI, 3.4.3 Calculate the effect of inflation, 3.4.4 Analyse inflation figures, and 3.4.5 Causes and consequences of inflation. Each one has a worked solution and a mark scheme showing where the marks go.

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