IGCSE/GCSE/O & A Level/IB/University Student Forum

Qualification => Subject Doubts => IGCSE/ GCSE => Commerce => Topic started by: holtadit on December 22, 2009, 12:45:02 pm

Title: RPI - what on earth ???!!!
Post by: holtadit on December 22, 2009, 12:45:02 pm

In paper 4 they ask to describe how the RPI is calculated.

Could you give me the proper answer of how it is calculated ?

Title: Re: RPI - what on earth ???!!!
Post by: SGVaibhav on December 22, 2009, 06:00:12 pm

what on earth r u doing    cambridge or edexcel
what on earth r u doing    subject?
what on earth r u doing    what is rpi?    [full form]
lol

Title: Re: RPI - what on earth ???!!!
Post by: astarmathsandphysics on December 22, 2009, 08:27:37 pm

Retail price index. If rpi increases from 110 to 120 the rate of inflation is (120-110)/110*100%=9.09%

Title: Re: RPI - what on earth ???!!!
Post by: holtadit on December 22, 2009, 08:34:01 pm

retail price index = RPI

Im doing igcse economics.

Same question as above.

Title: Re: RPI - what on earth ???!!!
Post by: holtadit on December 23, 2009, 08:05:57 am

astar i need more than that. I want to know the steps to the whole process.

Title: Re: RPI - what on earth ???!!!
Post by: wassup on December 24, 2009, 08:44:23 am

Go here: http://www.s-cool.co.uk/alevel/economics/inflation-and-monetary-policy/inflation-the-basics.html

hope this helps.