In 2023, the British Pound (GBP) depreciated significantly against major trading partner currencies. All other things being equal, which combination indicates the most likely consequences of this depreciation for the UK economy?
| Combination | Export Volumes | Domestic Inflation | Unemployment Rate |
|---|---|---|---|
| A | Decrease | Increase | Increase |
| B | Increase | Decrease | Increase |
| C | Increase | Increase | Decrease |
| D | Decrease | Decrease | Decrease |
Combination A
Combination B
Combination C
Combination D
310 exam-style questions on AQA A Level Economics 2.6 The international economy (A-level only), covering 2.6.1 Globalisation, 2.6.2 Trade, 2.6.3 The balance of payments, 2.6.4 Exchange rate systems, and 2.6.5 Economic growth and development. Each one has a worked solution and a mark scheme showing where the marks go.