O-LevelEconomicsGovernment and the macroeconomy2281/12 · Oct/Nov 2021 · Q211 Mark
How is the rate of inflation measured?
Aby calculating the change in the price of goods and services from one year to the next
Bby calculating the real value of all output of goods and services in an economy
Cby calculating the total number of people willing and able to work but cannot find work
Dby calculating the total value of exports minus the total value of imports
✓ Correct answer
A: by calculating the change in the price of goods and services from one year to the next
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