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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

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About This A-Level Economics Question

This structured question appeared in the Cambridge A-Level Economics (9708) Oct/Nov 2018 examination, Paper 2 Variant 1. It tests the topic of Macroeconomic Measurement and is worth 20 marks.

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