O-LevelEconomicsGovernment and the macroeconomy2281/12 · May/June 2016 · Q231 Mark
The weight for a product in the consumer price index was increased. What is most likely to have caused this adjustment?
AThe product has become more expensive to produce.
BThe product has been offered for sale in more retail outlets.
CThe product has improved in quality and performance.
DThe product has taken a bigger share of consumers' income.
✓ Correct answer
D: The product has taken a bigger share of consumers' income.
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Government and the macroeconomy and see which topics are most likely to come up next.
Sign up free →