Economics 9708 · AS & A Level · Balance of payments

Balance of payments — practice question

During a one-year period, the yearly inflation rate decreases from 10 % to 6 %. Which statement is correct?

  • AThe cost of living has increased.
  • BThe purchasing power of money has increased.
  • CThere has been a reduction in the Retail Price Index.
  • DThe standard of living has increased.

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