Economics 0455 · IGCSE · Inflation and deflation

Inflation and deflation — practice question

What is taken into account when calculating 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

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