Economics 9708 · AS & A Level · Balance of payments

Balance of payments — practice question

The table presents index numbers of prices for 2009 to 2012. In the base year 2008, inflation was 2% per annum. In which year did the inflation rate first fall?

A2009 - 103
B2010 - 104
C2011 - 104
D2012 - 101

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