Economics · Oct / Nov 2020 · Paper 22 · Question 2
2281
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Mexico has a history of trade deficits. The government is moving the economy closer to free trade, to try to improve its macroeconomic performance. It was predicted in 2017 that Mexico’s economy would experience a small rise in its unemployment rate. In 2017 the economy’s inflation rate was 6.6%, the highest rate since 2001. A number of policy measures may be used to reduce inflation, including increasing the rate of income tax.
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2(a)[2]
2(b)[4]
2(c)[6]
2(d)[8]
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