Economics 0455 · IGCSE · Inflation and deflation

Inflation and deflation — practice question

The table gives the percentage change in earnings and consumer prices for four countries over a one-year period. Which country will have had an unchanged level of real income during that year?

  • Aearnings $7.5$, consumer prices $6$
  • Bearnings $5$, consumer prices $4$
  • Cearnings $3$, consumer prices $3$
  • Dearnings $0$, consumer prices $2$

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