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The following chart shows the composite Consumer Price Index of HK

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The following chart shows the composite Consumer Price Index of HK. Hong Kong's Composite CPI 110 108 106 104 102 100 98 96 94 92 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 (a) Based on the above chart, analyze the overall changes in the purchasing power of money and the cost of living from Sep 2003 to Mar 2008. (3 marks) (b) If people did not expect the change in the general price level over the above period. Explain whether the following people would gain or lose. (i) A subcontractor who has signed a contract receiving fixed payment. (2 marks) (ii) The government who gives fixed amounts of social assistance. (2 marks)