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Economics (AS & A Level) · May / June 2024 · Paper 32 · Question 23

9708Links between macroeconomic problems and their interrelatedness

The inflation rate in a country increased. Which effect would this most likely have on the country's balance of payments?

  1. Aan improvement in the current account balance
  2. Ban increase in price competitiveness
  3. Can increase in export revenue
  4. Dan increase in import expenditure

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Correct answer: D. an increase in import expenditure

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