Northland, Southland, Eastland and Westland are four countries of Asia. The following economic statistics have been produced for the year 2007. Which country experienced stagflation in the relevant period?
A、Northland
B、Southland
C、Eastland
D、Westland
A、Northland
B、Southland
C、Eastland
D、Westland
【参考答案及解析】
Examiner's comments. The examiner commented that some students struggled with this question. Stagflation occurs when economic growth (defined by the change in national income in a period) is low or negative, and inflation is high. So the relevant figures are percentage change in GDP and change in consumer prices.
Examiner's comments. The examiner commented that some students struggled with this question. Stagflation occurs when economic growth (defined by the change in national income in a period) is low or negative, and inflation is high. So the relevant figures are percentage change in GDP and change in consumer prices.