A-LevelEconomicsGovernment macroeconomic intervention9708/12 · Oct/Nov 2024 · Q151 Mark

The table shows the values of Consumer Prices Index (CPI) and a worker's salary in 2022 and 2023. [Table 15.1] What is the real value of the worker's salary in 2023 compared with 2022?

A$18182

B$22727

C$25000

D$27500

✓ Correct answer

B: $22727

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill Government macroeconomic intervention and see which topics are most likely to come up next.

About this question

Topic: Government macroeconomic intervention, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2024 Paper 1 Variant 2, question 15.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Economics questions

Government macroeconomic interventionFeb/Mar 20161m

Possible policies a government might use to reduce a deficit on the current account of the balance of payments includ…

Government macroeconomic interventionFeb/Mar 20161m

In March 2014, Sweden had a change in its Consumer Price Index of -0.6%. Which combination of policies might the gove…

Government macroeconomic interventionFeb/Mar 20171m

A government wants to operate a tighter monetary policy. What would it increase?

The price system and the microeconomyFeb/Mar 20181m

What is an argument for government policy which allows companies to take over other companies? A It allows firms to b…

Government microeconomic interventionFeb/Mar 20181m

A government imposes a maximum price for electricity. Which statement justifying this measure might be considered val…

Government microeconomic interventionFeb/Mar 20181m

Which policy by a government would increase the negative externalities that result from cigarette smoking? A a ban on…

← Browse all past-paper questions