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MCQ 12

clipped from

The chart shows the sterling exchange rate and the balance of trade in goods for the UK since 1990
The data in the chart shows that

  1. The sterling exchange rate has appreciated against other currencies in the period since the start of 1996
  2. The UK economy has run a trade surplus in goods in each year since 1990
  3. UK exports of goods have fallen since 1996
  4. The sterling exchange rate has depreciated over the period 1990 - 2000
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