Economics · Oct / Nov 2018 · Paper 23 · Question 7
2281
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The question as text
High technology (hi-tech) firms use a range of resources including labour and land. One US hi-tech firm has produced a new price index which it claims is more accurate than the Consumer Prices Index (CPI). Central banks try to achieve the most accurate measure of inflation because inflation has effects on a range of people, including savers and borrowers, and on the level of investment in a country.
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7(a)[2]
7(b)[4]
7(c)[6]
7(d)[8]
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