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O-LevelEconomicsGovernment and the macroeconomy2281/11 · May/June 2018 · Q211 Mark

What is included in the calculation of a consumer prices index (CPI)?

Athe price of a basket of goods and services
Bthe price of exports and the price of imports
Cthe value of the currency on international markets
Dthe wages of consumers

✓ Correct answer

A: the price of a basket of goods and services

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About this question

Topic
Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2018 Paper 1 Variant 1, question 21.

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