Economics 0455 · IGCSE · Inflation and deflation

Inflation and deflation — practice question

A basket of goods is used to work out a country’s rate of inflation. What items are included in the basket of goods?

  • Aa representative sample of current household spending
  • Ball goods bought in the country
  • Cthe spending on an unchanging group of necessities
  • Dthe 50 most popular items of household spending

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