A-LevelEconomicsThe macroeconomy9708/12 · May/June 2011 · Q221 Mark

The table shows inflation rates, unemployment rates and changes in money wage rates between 2008 and 2009 for a number of countries. What can be concluded from the table?

AOn average, those in employment in the UK had an increase in real incomes.

BThe same number of people were unemployed in the US and France.

CThe same product would have the same price in France and Germany.

DUnemployment was highest where inflation was highest.

✓ Correct answer

A: On average, those in employment in the UK had an increase in real incomes.

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Topic: The macroeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, May/June 2011 Paper 1 Variant 2, question 22.

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