The table shows the weights attached to various categories of goods in a Consumer Prices Index (CPI) in two years. What can be concluded from the table when comparing year 1 and year 2 ?
A.
Real income spent by the average consumer on motoring increased.
B.
The cost of producing food has fallen.
C.
The CPI has not changed over the two years.
D.
The proportion of income spent on clothing has increased.
Exam No:0455_m25_qp_12 Year:2025 Question No:23
Answer:
D
Knowledge points:
4.7.1 definition of employment, unemployment and full employment
4.7.2 changing patterns and level of employment:The nature and causes of changes in the pattern of employment, for example increase in proportion of workers employed in the tertiary sector and
4.7.3 formal economy as an economy develops; a greater proportion of women in the labour force due to changes in social attitudes; decline in the proportion employed in the public sector as a country moves towards a market economy.
4.7.4 measurement of unemployment: How unemployment is measured – claimant count and labour force survey – and the formula for the unemployment rate.
4.7.5 causes/types of unemployment: Frictional, structural and cyclical unemployment.
4.7.6 consequences of unemployment:The consequences of unemployment for the individual, firms and the economy as a whole.
4.7.7 policies to reduce unemployment:The range of policies available to reduce unemployment and how effective they might be.
Solution:
Download APP for more features
1. Tons of answers.
2. Smarter Al tools enhance your learning journey.
IOS
Download
Download
Android
Download
Download
Google Play
Download
Download
