What always happens when there is an increase in the Consumer Price Index?
Select ONE answer:
- an increase in consumer expenditure
- an increase in the cost of living
- a reduction in living standards
- a reduction in real disposable income
Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple choice question is suitable for Economics KS4 and KS5 classes.
The answer is 2
- Not correct
- Correct
- Not correct
- Not correct
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