Economics 9708 · AS & A Level · Economic growth

Economic growth — practice question

During 2011 to 2013, high street retailers said spending on goods made at home and goods brought in from abroad fell. Consumers were not borrowing money because the economy was in recession. What is the most likely outcome of this?

  • Aa decline in the deficit in the trade account
  • Ba decline in the level of savings
  • Ca decline in the terms of trade
  • Da decline in unemployment

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