Question 26
Question 26 of 30
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No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct
Topics Tested
6. International economic...
6.4. Exchange rates

AD/AS analysis of the impact of exchange rate changes on the domestic economy’s equilibrium national income and the level of real output, the price level and employment

11. International economi...
11.3. Economic development

indicators of living standards and economic development: monetary indicators including real per capita national income statistics (GDP, GNI, NNI) and purchasing power parity, issues of comparison using monetary indicators, non-monetary indicators, composite indicators: Human Development Index (HDI), Measure of Economic Welfare (MEW), Multidimensional Poverty Index (MPI), the Kuznets curve

6. International economic...
6.1. The reasons for international...

exports, imports and the terms of trade: measurement of the terms of trade, causes of changes in the terms of trade, impact of changes in the terms of trade