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From course:

Economics A Level (DONEEEEEEE)

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Question:

Why is the RPI and CPI helpful for UK's International Competitiveness

Author: eric_galvao



Answer:

-If the CPI Rate is Higher in Britain than other nations, then the UK Goods will be less Price Competitive, as it'll be more Expensive for other Nations to purchase [Prices are rising] -Exports will Fall, and Imports, because of Domestic Inflation, will be made Cheaper


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