A-LevelEconomicsMacroeconomic IndicatorsMay/June 2011Paper 1 Q231 Mark
The diagram compares the inflation rates of Paraguay and Argentina between 1950 and 2005. What can be concluded about inflation rates in the two countries in the period 1950 to 2005?
AArgentina's prices fell rapidly between 1992 and 1995.
BArgentina stabilised its price level between 1973 and 1992.
CParaguay was always more successful than Argentina at controlling its inflation rate.
DParaguay was most successful at controlling its inflation rate between 1962 and 1970.
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The correct answer is D. This question tests the candidate's understanding of macroeconomic indicators within the Economicssyllabus. The examiner's mark scheme requires...
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