Note AcademyNote Academy
Start

Economics · May / June 2020 · Paper 11 · Question 22

2281Inflation

What would not be required in the construction of an index of consumer prices?

  1. Athe selection of a base year
  2. Bthe selection of a representative range of items
  3. Cthe calculation of average wage levels
  4. Dthe weighting of each item in the index

As printed in the paper

Show the answer

Correct answer: C. the calculation of average wage levels

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.