The table below shows the annual percentage changes in key macroeconomic indicators for a country over a twelve-month period.
| Indicator | Annual % 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.
187 exam-style questions on AQA A Level Economics 2.1 The measurement of macroeconomic performance, covering 2.1.1 The objectives of government economic policy, 2.1.2 Macroeconomic indicators, 2.1.3 Uses of index numbers, and 2.1.4 Uses of national income data (A-level only). Each one has a worked solution and a mark scheme showing where the marks go.