Economics · May / June 2016 · Paper 12 · Question 23
2281Inflation
The weight for a product in the consumer price index was increased. What is most likely to have caused this adjustment?
- AThe product has become more expensive to produce.
- BThe product has been offered for sale in more retail outlets.
- CThe product has improved in quality and performance.
- DThe product has taken a bigger share of consumers’ income.
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Correct answer: D. The product has taken a bigger share of consumers’ income.
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