(a)[2]
With reference to the data identify two characteristics of a command economy in Vietnam.
(b)[4]
Explain how the actions of the Vietnamese Government in 2009 might have caused any two different types of inflation to arise in the Vietnamese economy.
(c)[2]
Suggest two reasons why an inflation rate of 8.9% might not worry a government.
(d)[6]
- Compare how changes in housing prices contributed to the change in the CPI with the contribution made by changes in education prices. [2]
- Analyse two possible reasons for the Government’s choice of the items included for price control. [4]
(e)[6]
Discuss the desirability of a policy of widespread price controls.