Economics (AS & A Level) · Feb / March 2022 · Paper 32 · Question 30

The table shows key macroeconomic indicators for four countries in 2018. | | economic growth (% change in GDP per annum) | unemployment rate (%) | inflation rate (% change in CPI per annum) | current account balance (% of GDP) | |---|---|---|---|---| | Argentina | –6.2 | 9.1 | 50.7 | –4.8 | | China | 6.4 | 3.8 | 1.5 | 0.4 | | Italy | 0 | 10.7 | 0.9 | 2.6 | | United States | 3.0 | 3.8 | 1.5 | –2.4 | What can be concluded from the table?

1. ACountries with current account surpluses had low unemployment rates.
2. BCountries with high economic growth rates had high inflation rates.
3. CCountries with low economic growth rates had high unemployment rates.
4. DCountries with positive economic growth rates had current account deficits.

As printed in the paper