Would anyone be able to walk me through these 2 questions?
thanks so much
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multiple choice question watch
- Thread Starter
- 21-05-2016 19:37
- 21-05-2016 20:02
Do you have the answers?
I would say the first one is B as increased inflation will mean UK exports are not as competitive, causing the volume to fall.
I think the second question is also B as you do Nominal GDP Growth - Inflation (8 - 5.5 = 2.5). Then that result - Population Growth ( 2.5 - 2.5 = 0)Last edited by silent-whisper; 21-05-2016 at 20:04.
- 22-05-2016 09:48
There are both B, inflation is the viable one, as that would make our exports more expensive, and imports cheaper, reducing the volume exported, and hence the fall throughout the period.
The second one 8-(5.5+2.5) =0 so it's also B