Quiz: Limitations of CPI
Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)
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Building on what you've learned about inflation and CPI, this quiz will test your understanding of the limitations of CPI as an economic measure.
What does CPI measure?
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Which of the following are limitations of CPI? (Select all that apply)
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CPI is based on a {{blank0}} of goods and services, which may not represent {{blank1}} spending habits.
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Match the items on the left with their correct pairs on the right
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Match the items on the left with their correct pairs on the right
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Why does CPI struggle to reflect the impact of new technologies?
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Which factors can make CPI inaccurate? (Select all that apply)
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Match the items on the left with their correct pairs on the right
One limitation of CPI is that it assumes a {{blank0}} basket of goods, which does not account for {{blank1}} when prices change.
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Which of the following is NOT a limitation of CPI?
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