Basket of goods – lip-gloss in, disposable cameras out
Monday, March 15, 2010
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Here is a very useful article for a lesson on how inflation is measured. It explains how the ‘basket of goods’ used to measure inflation is updated to account for changes in shopping habits and new technology. For a starter to a lesson, pupils could guess the products that have been added or removed from the basket. In pictures: what’s in and what’s out
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