Economics 9708 · AS & A Level · Balance of payments

Balance of payments — practice question

The graph illustrates the yearly % changes in the prices of new houses and existing houses in the United Kingdom from 2010 to 2012. What conclusion can be drawn from the graph?

  • AIn the period after October 2010, new houses were more expensive than existing houses.
  • BIn the period up until January 2011, there was a steady fall in the prices of existing houses.
  • CThe average price of existing houses was lower in March 2012 than two years earlier.
  • DThe prices of new houses continued to rise throughout the period.

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