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2.3 Economic performance

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Question 117

A positive output gap necessarily means that the economy

A

is operating with a significant amount of spare capacity.

B

has actual Gross Domestic Product (GDP) that is below its productive potential.

C

is producing a level of output that exceeds its long-run sustainable capacity.

D

is experiencing a rate of inflation that is falling rapidly.

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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