Economics 2281 · O Level · Inflation and deflation

Inflation and deflation — practice question

The table presents the percentage variation from 2015-2016 in gross domestic product (GDP) and consumer prices for a selection of countries. Which country was experiencing economic recession and inflation?

  • AAustralia: GDP $+1.8$, consumer prices $+1.3$
  • BBrazil: GDP $-2.9$, consumer prices $+8.3$
  • CChina: GDP $+6.7$, consumer prices $+2.0$
  • DJapan: GDP $+1.1$, consumer prices $-0.2$

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