Work to do before 3rd February 2008 - Lower Sixth

Using Smith:

• Notes on page 135
• Draw and explain figure 10.6, including defining key terms on the diagram
• Exercise 10.1, page 136
• Using page 137 /8:

1. How is CPI calculated?
2. How does CPI reflect current, trpical spending habits of consumers?
3. What is RPI?
4. What is RPIX?
5. How do RPI and CPI differ?
6. Exercise 10.2, page 139