O-LevelEconomicsGovernment and the macroeconomy2281/11 · May/June 2017 · Q231 Mark

In a developing country real incomes have risen. Which situation would definitely have caused this? price level | money incomes

Afell fell

Bfell rose

Crose unchanged

Drose fell

✓ Correct answer

B: fell rose

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Topic: Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2017 Paper 1 Variant 1, question 23.

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