A-LevelEconomicsGovernment macroeconomic intervention9708/12 · Oct/Nov 2016 · Q211 Mark
The graph shows the annual percentage change in the prices of services and in the prices of goods between 2007 and 2012. What can be deduced from the graph?
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
AOn average the price of services was higher than the price of goods throughout the period.
BThe average price of goods was higher in 2012 than in 2010.
CThe average price of services was higher in 2012 than in 2010.
DThere was a fall in the general price level between 2008 and 2010.
✓ Correct answer
C: The average price of services was higher in 2012 than in 2010.
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