Economics · May / June 2022 · Paper 21 · Question 2
2281
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The question as text
Australia’s foreign exchange rate fluctuates. The value of Australia’s exports is regularly greater than the value of its imports. Australia is Papua New Guinea’s main trading partner. In 2019, the government of Papua New Guinea increased income tax to reduce its inflation rate. It used other policy measures to increase its economic growth rate.
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2(a)[2]
2(b)[4]
2(c)[6]
2(d)[8]
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