Economics 9708 · AS & A Level · Market failure

Market failure — practice question

The table presents key macroeconomic indicators for four countries in 2018. What conclusions can be drawn from it?

  • ACountries with current account surpluses had low unemployment rates.
  • BCountries with high economic growth rates had high inflation rates.
  • CCountries with low economic growth rates had high unemployment rates.
  • DCountries with positive economic growth rates had current account deficits.

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