Economics 9708 · AS & A Level · National income statistics

National income statistics — practice question

Over one year, national income measured in money terms rose by 8%, the total population rose by 2%, and real income per person stayed unchanged. What was the approximate variation in the average price level?

  • Aa decrease of 4%
  • Ban increase of 4%
  • Can increase of 6%
  • Dan increase of 10%

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