Economics 2281 · O Level · Living standards

Living standards — practice question

The table gives the Consumer Prices Index (CPI) for selected cities in August 2015, using New York, USA as 100. What conclusion can be drawn from the table?

  • AGeneva had the highest average price level.
  • BLiving standards were highest in Lima.
  • CSingapore was more expensive than Oslo.
  • DThe annual rate of inflation was the same in Istanbul and Johannesburg.

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