Economics 9708 · AS & A Level · Balance of payments

Balance of payments — practice question

The table gives a country’s inflation rate over four years: 2009 4.0%; 2010 3.0%; 2011 2.5%; 2012 2.0%. What decreased between 2009 and 2012?

  • Aaverage prices
  • Bthe cost of living
  • Cthe exchange rate
  • Dthe value of money

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