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2.1 The measurement of macroeconomic performance

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Question 37

Table 1: Agricultural Fertilizer Price Index (2018–2022)

YearFertilizer Price Index
2018150
2019180
2020200
2021160
2022250

Which one of the following can be deduced from the data in Table 1?

A

Between 2020 and 2021, the average cost of fertilizer fell by 40%.

B

Total farm spending on agricultural fertilizer increased in 2022.

C

Compared with 2022, the average price of fertilizer was 36% cheaper in 2021.

D

The average cost of agricultural fertilizer rose in every year of the five-year period.

Markscheme

2.1 The measurement of macroeconomic performance Questions

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

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.

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