Skip to content

Course home

Sign up

2.3 Economic performance

EasyMediumHard
123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112
Question 71

An economy is currently operating at its full employment level of output. It is estimated that the long-run trend rate of GDP growth of the economy is around 3.0% per annum. In the coming year, it is expected that inflation will be 2.0% per annum and money national income will grow by 6.5%.

Which one of the following is most likely?

A

Employment will fall; the economy will grow below its trend rate

B

Employment will fall; the economy will grow above its trend rate

C

Employment will rise; the economy will grow above its trend rate

D

Employment will rise; the economy will grow below its trend rate

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.

Question bank