AS Paper 2, June 2022The UK Economy – Performance and Policies
AS Paper 2, June 2022, Q3(a)
Which one of the following can be inferred from the above chart? Between 2007 and 2019,
Multiple choice1 mark
Context
UK average weekly earnings, January 2007 to January …
Aearnings adjusted for interest rates were lower than earnings not adjusted for interest rates
Bnominal earnings increased by nearly 125 percentage points
Cthe increase in earnings not adjusted for inflation was greater than earnings adjusted for inflation
Dthere were significant increases in real earnings each year