Economics 9708 · AS & A Level · Balance of payments

Balance of payments — practice question

The graph illustrates the yearly percentage variation in the prices of services and the prices of goods from 2007 to 2012. What can be deduced from the graph?

  • AOn average the price of services was higher than the price of goods throughout the period.
  • BThe average price of goods was higher in 2012 than in 2010.
  • CThe average price of services was higher in 2012 than in 2010.
  • DThere was a fall in the general price level between 2008 and 2010.

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