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O-LevelEconomicsGovernment and the macroeconomy2281/12 · Oct/Nov 2016 · Q201 Mark

What is involved in the construction of a Retail Price Index?

Abase year
Bincomes
Cprice elasticity of products
Dquantity supplied

✓ Correct answer

A: base year

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Topic
Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2016 Paper 1 Variant 2, question 20.

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