Economics 9708 · AS & A Level · Balance of payments

Balance of payments — practice question

The table presents data for a country in which consumers divide their income between three commodities, P, Q and R. From year 1 to year 2, in what way has the general level of prices changed?

  • AIt has risen by 40%.
  • BIt has risen by 10%.
  • CIt has remained the same.
  • DIt has fallen by 5%.

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