Economics 9708 · AS & A Level · Balance of payments

Balance of payments — practice question

The diagram illustrates the output gap, expressed as a percentage of potential GDP, for the US between 1960 and 2014. In which year was the output gap most likely to cause inflation?

  • A1966
  • B1970
  • C1982
  • D1992

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI