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Economics · May / June 2019 · Paper 11 · Question 20

2281Inflation

In Uganda, the rate of inflation fell from 5% in 2014 to 2% in 2015. Which conclusion can be drawn from this information?

  1. APrices were higher in 2015 than in 2014.
  2. BThe cost of living fell between 2014 and 2015.
  3. CThe standard of living fell between 2014 and 2015.
  4. DUgandan citizens were better off in 2015 than 2014.

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Correct answer: A. Prices were higher in 2015 than in 2014.

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