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O-LevelEconomicsGovernment and the macroeconomy2281/11 · May/June 2024 · Q231 Mark

What is most likely to increase when the rate of inflation gradually changes from 2% to 8% in one year?

Athe cost of updating existing price lists
Bthe level of business confidence
Cthe real income of fixed-income earners
Dthe real value of consumer debt

✓ Correct answer

A: the cost of updating existing price lists

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About this question

Topic
Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2024 Paper 1 Variant 1, question 23.

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