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  • Real Income, Inflation Measurement, Inflation causes, Monetary Policy, Economic Objectives

Click to read the article below and then answer the questions:

UK inflation climbs to 30-year high of 5.5%

  • What is meant by real income?

  • Explain two causes of inflation in the UK economy

  • Explain the difference between CPI and RPI measures of inflation

  • Evaluate the effect of tighter monetary policy on two other economic objectives

John Greenwood, Bromley High School for Girls 

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