The table below shows both the unemployment rate and the annual inflation rate for an economy between 2018 and 2020.
| Year | Unemployment rate (%) | Inflation rate (%) |
|---|---|---|
| 2018 | 6.2 | 3.5 |
| 2019 | 5.8 | 3.8 |
| 2020 | 5.5 | 2.9 |
Which one of the following can be deduced from the data?
The total number of people employed rose between 2018 and 2020.
The average price level fell between 2019 and 2020.
There was a continuous inverse relationship between the rate of inflation and the rate of unemployment throughout the period.
The purchasing power of money decreased in each of the three years.
187 exam-style questions on AQA A Level Economics 2.1 The measurement of macroeconomic performance, covering 2.1.1 The objectives of government economic policy, 2.1.2 Macroeconomic indicators, 2.1.3 Uses of index numbers, and 2.1.4 Uses of national income data (A-level only). Each one has a worked solution and a mark scheme showing where the marks go.