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Teach Cambridge IGCSE?
Why not try the InThinking IGCSE Economics site?
Quote of the day
"A study of economics usually reveals that the best time to buy anything is last year."
[Marty Allen 1922 - ]
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Unsustainable fishing in the South Atlantic
The scale of unregulated fishing in a disputed region close to the Falkland Islands (Malvinas in Argentina) in the South Atlantic has reached...
Japan raises its interest rate from -0.1%
The Japanese Central Bank - Bank of Japan has increased its baseinterest rate for the first time in 17 years in an attempt to tighten monetary...
Subscriber commentsSee all
- Equally, Ren suitable RWEs for tariffs might be the EU/US tariffs against China and for fiscal and monetary policy why not focus on the covid stimulus packages?
- Hi Ren, There is no official time limit to the RWE but more recent RWEs tend to work better. For example, Biden's expansionary fiscal policy in US works better than Roosevelt's New Deal although they would both count as RWEs. Hope this helps,...
- Hi All,Is there a limit on how recent the RWE should be?
- Hi Coco, This is the method the IB uses in constructing a weighted price index. The % change in the weighted index is then used the calculate the rate of inflation - question (vi). Hope this helps, Alex