Which one of the following is compared when calculating the PPP?
The price of a basket of camparable goods and services in different countries
Real incomes, national happiness and wellbeing in different countries
The external value of one currency in terms of the US dollar
Inflation rates in different countries over a given time period
The charts shows real GDP growth rate. Which one of the following can be deduced from the chart?
There was a recession in Quarters 1 and 2 of 2016
There was negative economic growth through 2017
There was positive economic growth in Q3 of 2019
There was a recession in Q2 of 2020
The table shows Malaysia's rate of inflation. From this table it can be deduced that
there was deflation between April and May
there was disinflation between May and June
the rate of inflation was at its highest in July
inflation increased at a constant rate between May and July
What can be deduced from this data over this period?
The purchasing power of money fell by 3%
The rate of inflation was 6%
The standard of living must have fallen by 3%
The price of exports increased by 6%
Which one of the following was the most likely effect of the changes shown in the table?
The real incomes of households were likely to fall
Cost-push inflation was likely to occur
Consumer prices were likely to fall
Its central bank was likely to raise the base rate of interest
The chart shows the annual rate of inflation in Colombia. Which one of the following can be deduced from the chart over the period shown?
There was disinflation from January 2016 to July 2016
There was deflation from January 2017 to July 2017
The average price level was unchanged between January 2019 and July 2019
The average price level was lower in January 2020 than in July 2020
The table shows Vietnam's inflation. Which one of the following can be deduced from the table?
There was disinflation between June and July
There was deflation between July and August
The rate of inflation was at its lowest in September
The rate of inflation fell throughout the given period
The chart shows the annual rate of inflation in Croatia. Which of the following can be deduced from the chart?
The rate of inflation was highest in July 2023
The average price level was highest in November 2022
There was deflation between April 2020 and July 2020
There was disinflation between June 2021 and June 2022
Which one of the following describes how unemployment is measured by the ILO?
When someone actively seeking work in the past 4 weeks and available to start work in the next 2 weeks
When someone actively seeking work in the past 4 months and available to start work in the next 2 months
When someone actively seeking work in the past 2 months and available to start work in the next 4 months
When someone actively seeking work in the past 2 weeks and available to start work in the next 4 weeks
Turkey's deficit on the current account increased to $4.2 billion. This increase in the deficit on the current account is most likely to have resulted from
an increase in the value of imports
an increase in the value of exports
a decrease in government spending
a decrease in employment
The chart shows the current account for Hong Kong. Which one of the following can be deduced from the chart?
There was a current account surplus in Q2 2013
The current account surplus fell by HK$20 billion between Q4 2009 and Q2 2010
The current account was in a deficit in Q2 2014
There was a balanced government budget in Q2 2015
The chart shows the UK balance of trade. What can be deduced from the chart?
The trade in services balance was in deficit in May 2017
The trade in goods deficit was smallest in February 2018
The value of exports exceeded the value of imports in September 2017
The total UK trade deficit was the largest in November 2017
The chart shows China's monthly balance of trade in US$. Which of the following can be deduced from the chart?
China had a current account deficit in August 2019
China's balance of trade surplus remained the same from January to February 2020
China's balance of trade surplus increased from April to May 2020
The value of China's exports decreased from February to March 2020
The chart shows Egypt's net monthly balance of trade in goods and services. Which one of the following can be deduced from the chart over the period shown?
The value of injections was always greater than the value of withdrawals
The government was spending more than it received in taxation
Egypt's balance of trade was always in a surplus
The value of imports was always greater than the value of exports
Mongolia experiences higher unemployment in the winter when the demand for agricultural labour is lower than in the summer. The cause of this unemployment is
Seasonal unemployment
Real wage unemployment
Structural unemployment
Demand deficiency
In the USA the number of part-time workers who would prefer full-time employment was 4.3 million in 2019. This is an example of which one of the following?
Frictional unemployment
Protectionism
Underemployment
Resource utilisation
800000 students graduated from universities in the UK in 2019. 3800000 of these started work in jobs that did not require a degree. This situation is
Underemployment
Unemployment
Real wage inflexibility
Economic inactivity
Which one of the following is most likely to have caused the increase in the unemployment rate between Q1 2020 and Q2 2020?
Real wage unemployment
Demand deficient unemployment
Structural unemployment
Seasonal unemployment
In the USA, 33.8% of university graduates were working in jobs that did not require a university degree. Which one of the following best describes this?
Real wage unemployment
Economic inactivity
Unemployment
Underemployment
In Indonesia, 27% of part-time workers are employed for fewer hours than they would be willing to work. What can be deduced from this information?
There is a high level of underemployment in Indonesia
There is high level of economic inactivity in Indonesa
There is a high rate of unemployment in Indonesia
There is a high rate of inflation in Indonesia
In 2021 many workers in India left their jobs to search for new employment. Which one of the following describes this cause of unemployment?
Demand deficient
Frictional
Seasonal
Structural
Between January and April 2020 the rate of unemployment in the USA increased from 3.5% to 14.8% due to a recession caused by COVID. What is the cause of this?
Seasonal
Structural
Demand deficient
Frictional
The unemployment rate in Sri Lanka increased from 5.2% in 2021 to 6.7% in 2022. What is the most likely effect of this increase in the unemployment rate?
An increase in national happiness in Sri Lanka
An increase in the level of profits for firms in Sri Lanka
A decrease in tax revenues for Sri Lanka's Government
A decrease in welfare payments by Sri Lanka's Government
In Chad unemployment is higher in the winter than in the summer because demand for agricultural labour is lower in winter. What is the cause of this unempl.?
Frictional unemployment
Real wage inflexibility
Seasonal unemployment
Structural unemployment