A-LevelEconomicsThe macroeconomy9708/12 · Oct/Nov 2010 · Q241 Mark

The table shows the percentage price changes in some items in the UK Consumer Price Index (CPI) in the year to 1 June 2006. item % change in price rents, electricity and gas 9.0 education 4.7 transport 4.0 restaurants and hotels 3.2 health services 2.9 The increase in the overall CPI over the same period was 2.5%. What can be concluded from the data above?

AThe CPI is not an accurate measure of inflation.

BSome prices must have fallen.

CThe average price increase of other items was less than 2.5%.

DThe real value of money rose by more than 2.5%.

✓ Correct answer

C: The average price increase of other items was less than 2.5%.

Oracle Prep sorts past-paper questions by topic, so you can drill The macroeconomy and see which topics are most likely to come up next.

Topic: The macroeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2010 Paper 1 Variant 2, question 24.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content