A-LevelEconomicsMacroeconomic IndicatorsOct/Nov 2011Paper 1 Q241 Mark
The average consumer divides his expenditure between food, clothing, accommodation and transport in the ratio 2:1:4:3. During the course of a year, the price of food falls by 2%, the price of clothing increases by 4%, the price of accommodation increases by 10% and the price of transport remains constant. Assuming that the weights of a price index reflect the expenditure of the average consumer, what is the increase in the index over the year?
A2.5%
B4%
C10%
D12%
✓ Correct Answer
The correct answer is B: 4%
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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