Economics 0455 · IGCSE · Inflation and deflation

Inflation and deflation — practice question

What is involved in constructing the Consumer Prices Index (CPI)?

  • Aa base year
  • Bincomes
  • Cprice elasticity of demand
  • Dquantity supplied

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI