A-LevelEconomicsThe macroeconomy9708/12 · Oct/Nov 2012 · 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.
✓ Correct answer
A: Britain had an increase in real incomes.
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