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2.3 Economic performance

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Question 37

An economy is experiencing a negative output gap when:

A

actual real GDP is below the economy's estimated potential level of output.

B

the annual rate of inflation is rising rapidly due to excess aggregate demand.

C

structural and frictional unemployment both fall to zero.

D

the value of exports exceeds the value of imports on the balance of payments.

Markscheme

2.3 Economic performance Questions

  1. A Level
  2. /Economics
  3. /2.3 Economic performance

327 exam-style questions on AQA A Level Economics 2.3 Economic performance, covering 2.3.1 Economic growth and the economic cycle, 2.3.2 Employment and unemployment, 2.3.3 Inflation and deflation, and 2.3.4 Possible conflicts between macroeconomic policy objectives. Each one has a worked solution and a mark scheme showing where the marks go.

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