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Cambridge IGCSE Statistics practice

What is the price relative for a good that cost £40 in the base year and £50 in the given year?

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MCQ

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Index numbers

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What is the price relative for a good that cost £40 in the base year and £50 in the given year?.

  1. A.80
  2. B.100
  3. C.125
  4. D.150

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Paper 1 structured question: Index numbers

Paper 1Statistical Techniques2 marks

Data Table

Prices of Bread Over Years

YearPrice (£)
2018 (Base Year)1.20
20191.32
20201.50
  1. a

    Calculate the price relative for the loaf of bread in 2019, using 2018 as the base year.

    Aim for approximately 2 distinct marking points.

    [2]