Based on this information, which of the following statements is correct? O Japan experienced a persistent period of disinflation between 2010 and 2013. O In the UK the price of goods and services remained stable between 2010 and 2013. O China has been experiencing deflationary pressure between 2011 and 2013. O Nauru's price level at the end of 2013 is higher than it was at the start of 2010.

ENGR.ECONOMIC ANALYSIS
14th Edition
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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The following table shows the annual inflation rate (the GDP deflator) of Japan, the UK, China
and Nauru in the period 2010-2013 (Source, World Bank):
2010
2011
2012
2013
Japan
-1.9%
-1.7%
-0.8%
-О.3%
UK
1.6%
2.0%
1.6%
1.9%
China
6.9%
8.2%
2.4%
2.2%
Nauru
-18.2%
18.1%
24.1%
-21.7%
Based on this information, which of the following statements is correct?
O Japan experienced a persistent period of disinflation between 2010 and 2013.
O In the UK the price of goods and services remained stable between 2010 and 2013.
China has been experiencing deflationary pressure between 2011 and 2013.
O Nauru's price level at the end of 2013 is higher than it was at the start of 2010.
Transcribed Image Text:The following table shows the annual inflation rate (the GDP deflator) of Japan, the UK, China and Nauru in the period 2010-2013 (Source, World Bank): 2010 2011 2012 2013 Japan -1.9% -1.7% -0.8% -О.3% UK 1.6% 2.0% 1.6% 1.9% China 6.9% 8.2% 2.4% 2.2% Nauru -18.2% 18.1% 24.1% -21.7% Based on this information, which of the following statements is correct? O Japan experienced a persistent period of disinflation between 2010 and 2013. O In the UK the price of goods and services remained stable between 2010 and 2013. China has been experiencing deflationary pressure between 2011 and 2013. O Nauru's price level at the end of 2013 is higher than it was at the start of 2010.
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