of Japan, the UK, China, and South Sudan in the period 1996-2015 (Sou 2006-2010 2011-2015 -0.5% 1.6% 1.8% 1.8% 2.1% 0.8% 0.6% -18.7% 1996-2000 2001-2005 an -1.9% -0.9% 2.1% 1.7% na 8.1% 2.4% th Sudan 54.1% 6.5% ed on this information, which of the following statements is correct? In Sudan Price level has always decreased between 1996 and 2015 The general price level decreased in China between 1996 and 2015 China experienced disinflation between 1996 and 2015 In the UK, the price of goods and services remained stable between 2001 and 2015

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter13: Inflation
Section: Chapter Questions
Problem 2SQP
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The following table shows the annual inflation rate (the GDP deflator) of Japan, the UK, China, and South Sudan in the period 1996-2015 (Source World Bank
1996-2000
2001-2005
2006-2010
2011-2015
-1.9%
-0.9%
Japan
UK
-0.5%
1.6%
2.1%
1.7%
1.8%
1.8%
China
8.1%
2.4%
2.1%
0.8%
South Sudan
54.1%
6.5%
0.6% -18.7%
Based on this information, which of the following statements is correct?
O In Sudan Price level has always decreased between 1996 and 2015
The general price level decreased in China between 1996 and 2015
O China experienced disinflation between 1996 and 2015
O in the UK, the price of goods and services remained stable between 2001 and 2015
Transcribed Image Text:The following table shows the annual inflation rate (the GDP deflator) of Japan, the UK, China, and South Sudan in the period 1996-2015 (Source World Bank 1996-2000 2001-2005 2006-2010 2011-2015 -1.9% -0.9% Japan UK -0.5% 1.6% 2.1% 1.7% 1.8% 1.8% China 8.1% 2.4% 2.1% 0.8% South Sudan 54.1% 6.5% 0.6% -18.7% Based on this information, which of the following statements is correct? O In Sudan Price level has always decreased between 1996 and 2015 The general price level decreased in China between 1996 and 2015 O China experienced disinflation between 1996 and 2015 O in the UK, the price of goods and services remained stable between 2001 and 2015
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