Note AcademyNote Academy
Start

Economics · May / June 2018 · Paper 11 · Question 21

2281Inflation

What is included in the calculation of a consumer prices index (CPI)?

  1. Athe price of a basket of goods and services
  2. Bthe price of exports and the price of imports
  3. Cthe value of the currency on international markets
  4. Dthe wages of consumers

As printed in the paper

Show the answer

Correct answer: A. the price of a basket of goods and services

Sit this whole paper →More on Inflation

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.