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2.3 Economic performance

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Question 124

Ceteris paribus, if the annual rate of inflation in Australia falls from 4% to 2%, it can be concluded that:

A

the average level of prices in the economy has fallen.

B

the purchasing power of the Australian dollar has increased.

C

Australian export goods have automatically become more competitive in international markets.

D

the average cost of living has continued to rise.

Markscheme

2.3 Economic performance Questions

  1. A Level
  2. /Economics
  3. /2.3 Economic performance

327 exam-style questions on AQA A Level Economics 2.3 Economic performance, covering 2.3.1 Economic growth and the economic cycle, 2.3.2 Employment and unemployment, 2.3.3 Inflation and deflation, and 2.3.4 Possible conflicts between macroeconomic policy objectives. Each one has a worked solution and a mark scheme showing where the marks go.

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