Economics 9708 · AS & A Level · Economic growth

Economic growth — practice question

From 2011 to 2013, retailers said that spending on goods made locally and on imported goods had fallen. This happened because consumers did not borrow money, since 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

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