A-LevelEconomicsMacroeconomicsOct/Nov 2012Paper 1 Q231 Mark
The table gives some information on inflation rates, unemployment rates, and changes in wages for a number of countries in 2006. country inflation rate % unemployment rate % annual change in wages % Britain +1.9 +5.0 +3.5 Germany +2.1 +11.3 +0.8 Italy +2.1 +7.5 +2.3 Japan +0.5 +4.5 -0.6 Spain +4.0 +8.4 +2.5 What can be concluded from the table about 2006?
ABritain had an increase in real incomes.
BHigh wage rises caused high rates of inflation.
CThe price of an identical product was the same in Germany and Italy.
DThere were more people unemployed in Spain than in Japan.
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The correct answer is A. This question tests the candidate's understanding of macroeconomics within the Economicssyllabus. The examiner's mark scheme requires...
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Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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