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2.1 The measurement of macroeconomic performance

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Question 53

The table below shows the annual percentage changes in key macroeconomic indicators for a country over a twelve-month period.

IndicatorAnnual % change
Nominal GDP+2.5%
Rate of inflation+1.2%
Population+2.0%
Gini coefficient+3.0%

Which one of the following can be concluded from the data?

The distribution of household income has become more equal.

Real GDP per capita has increased.

Real national output has increased.

Nominal GDP per capita has decreased.

2.1 The measurement of macroeconomic performance Questions

  1. A Level
  2. /Economics
  3. /2.1 The measurement of macroeconomic performance