A-LevelEconomicsThe macroeconomy9708/12 · Feb/Mar 2021 · Q191 Mark

Which statement about a rise in the general price level in a country is correct?

AIt is likely to create economic winners and losers in the country.

BIt is never acceptable to modern governments.

CIt means that no goods have fallen in price.

DIt must make the average citizen poorer.

✓ Correct answer

A: It is likely to create economic winners and losers in the country.

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

Topic: The macroeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Feb/Mar 2021 Paper 1 Variant 2, question 19.

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

A country's real national income per head increases. What could explain why this might be accompanied by a fall in ho…

A director becomes redundant as the result of a company merger. His salary was $80 000. He is entitled to an annual p…

Which cause of economic growth would involve the least cost for present and future generations of a country's populat…

Which circumstance is not likely to represent a strong case for an industry to be nationalised?

A country has a fixed exchange rate. What is likely to result in a deterioration in its balance of payments?

At present, one unit of a country's currency exchanges for US1.2. The country aims to set its exchange rate equal to …