A-LevelEconomicsMacroeconomic MeasurementOct/Nov 2018Paper 2 Q120 Marks
The problems of measuring inflation Inflation is a simple concept, but price indices are surprisingly hard to construct. Content removed due to copyright restrictions Table 1.1: Changes in the US Consumer Price Index, April 2015–January 2016 US Consumer Price Index (January 1983 = 100) April 2015 236.0 July 2015 238.1 October 2015 238.0 January 2016 238.1 Source: Adapted from www.tradingeconomics.com and US Bureau of Labor Statistics
📋 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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