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2.3 Economic performance

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Question 101

An economy is currently operating at its normal capacity level of output. The estimated long-run trend rate of economic growth is 3.0% per annum. For the upcoming fiscal year, nominal national income is projected to increase by 4.5% while the rate of inflation is forecasted at 2.5% per annum. Which of the following is most likely to occur over the next year?

A

Unemployment will rise and the economy will grow above its trend rate

B

Unemployment will fall and the economy will grow below its trend rate

C

Unemployment will fall and the economy will grow above its trend rate

D

Unemployment will rise and 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.

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