O-LevelEconomicsGovernment and the macroeconomy2281/11 · May/June 2022 · Q141 Mark

Which combination is necessary for the construction of a consumer prices index? a base year: yes, price stability: yes, weights: yes a base year: yes, price stability: no, weights: yes a base year: yes, price stability: no, weights: no a base year: no, price stability: yes, weights: yes

Abase year: yes, price stability: yes, weights: yes

Bbase year: yes, price stability: no, weights: yes

Cbase year: yes, price stability: no, weights: no

Dbase year: no, price stability: yes, weights: yes

✓ Correct answer

B: base year: yes, price stability: no, weights: yes

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Topic: Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2022 Paper 1 Variant 1, question 14.

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Which combination is necessary for the construction of a consumer prices index? a base year: yes, price stability: yes, weights: yes a base year: yes, price stability: no, weights: yes a base year: yes, price stability: no, weights: no a base year: no, price stability: yes, weights: yes

✓ Correct answer

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