Economics (AS & A Level) · May / June 2026 · Paper 14 · Question 19
9708Price stability
What is the most likely reason why the usefulness of a consumer price index (CPI) is limited when recording changes in the price level?
- AIt does not take account of changes in the quality of goods and services.
- BIt is not possible to include enough prices of different goods and services.
- CIt only records consumption patterns for an average household.
- DIt does not consider all available goods and services.
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Correct answer: A. It does not take account of changes in the quality of goods and services.
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