A-LevelEconomicsThe macroeconomy9708/12 · May/June 2011 · 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?

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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.

✓ Correct answer

D: Paraguay was most successful at controlling its inflation rate between 1962 and 1970.

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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 23.

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