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A-LevelEconomicsThe macroeconomy9708/12 · May/June 2015 · Q241 Mark

In 2012, a survey of household expenditure identified X and Y as the contents of a basket of goods for a price index. The value of the index in 2012 was 100. In 2013, the index was 116. During 2013, the prices of X and Y increased by 10% and 20%, respectively. In percentage terms, which weights were attached to X and Y in calculating the index? [Table 24.1]

A25 75
B40 60
C50 50
D70 30

✓ Correct answer

B: 40 60

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About this question

Topic
The macroeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source
A-Level Economics, May/June 2015 Paper 1 Variant 2, question 24.

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