Economics 9708 · AS & A Level · Balance of payments

Balance of payments — practice question

The table gives the year-on-year percentage rises in a country’s consumer prices index (CPI). year: 2015 % change 8.3; 2016 6.0; 2017 6.0; 2018 1.0. Which statement is correct?

  • AConsumer prices, on average, fell throughout the period.
  • BConsumer prices, on average, remained the same in 2016 and 2017.
  • CThe general level of consumer prices was at its highest in 2015.
  • DThe general level of consumer prices was at its highest in 2018.

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