Answer these questions

The table below shows the Consumer Price Index (CPI) of a country over a period of time. Which one oi the following can be deduced from the data? A The ination rate was the same In 2011 and 2012. B There was deation In 2009. C The average price level Increased each year. @E@@ D The inflation rate was highest In 2013. [1 mark] The table below shows how the index of GDP and the index of population changed in an economy between 2011 and 2015. Population 201 3= 1 00 GDP 2013 I 100 Which one of the following can be inferred from the data? A Population was higher than GDP in 2011 B Between 2011 and 2013. GDP grew by 8% whereas population grew by 3% C There was no growth in GDP per capita between 2013 and 2015 D Money GDP increased by more than real GDP between 2011 and 2015 @EE@ [1 mark] The diagrams below show aggregate demand (AD) and short-run aggregate Supply {SRAS} curves for an economy. A01 and SRA$1 represent the initial position of Ihe curves. AD: and SRAS: represent shls in the position of the curves. Which one of the following diagrams. A. B, C or D, indicates the effect an the economy of a general rise in wage costs and a rise in investment? 1 3 The table below shows values (Ebillion) for components of aggregate demand (AD) in an economy: Components of AD (Ebillion) Consumption 500 Investment 50 Government spending 250 Exports ? Imports 50 Aggregate demand 825 What is the value of exports in f billion? A 25 O B 75 O C 100 D 125 O [1 mark] 14 The diagram below shows the aggregate demand (AD), short-run aggregate supply (SRAS) and long-run aggregate supply (LRAS) curves for an economy. The economy's initial equilibrium is at point E. Price level LRAS2 LRAS, SRAS2 SRAS1 P2 P1 AD Y2 Y 1 Real national output Which one of the following developments affecting the economy is most likely to account for the movement of macroeconomic equilibrium from E to F? A An increase in labour productivity and wage rates. B A decrease in the underlying trend rate of growth and an O increase in world commodity prices. C A decrease in government expenditure and an increase in O indirect taxation. D A fall in productivity and an increase in world commodity prices. o [1 mark]1 5 Which one of the following is most likely to result from a growing negative output gap? A An increase in the rate of investment. O B A fall in business confidence. C A rise in interest rates. D A fall in government spending on welfare benefits. O [1 mark] 1 6 An economy is in macroeconomic equilibrium, producing at its normal capacity level of output. Without long-run economic growth, a persistent increase in aggregate demand is likely to lead to an increase in the level of A real GDP. O B employment. O C productivity. O D prices. O [1 mark] 1 7 In the circular flow of income model, which one of the following equations is correct? A Income = Output = Expenditure O B Income = Output = Injections O C Output = Expenditure = Withdrawals O D Expenditure = Income = Injections = Withdrawals. O [1 mark]