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Economics · Oct / Nov 2022 · Paper 12 · Question 24

2281Inflation

The table shows the percentage changes in earnings and consumer prices for four countries in one year. Which country is likely to have experienced the greatest increase in real income during the year?

  1. AFrance: earnings +6.5, consumer prices +3.5
  2. BGermany: earnings +4.0, consumer prices +4.0
  3. CJapan: earnings +4.0, consumer prices –1.0
  4. DUK: earnings +6.5, consumer prices –2.0

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Correct answer: D. UK: earnings +6.5, consumer prices –2.0

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