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2.1 The measurement of macroeconomic performance

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Question 55

The table below shows the annual percentage change in an economy's real Gross Domestic Product (GDP) between 2011 and 2020, measured at constant 2010 prices.

YearAnnual % change in real GDP
2011+3.0%
2012+1.5%
2013-1.0%
2014+2.0%
2015+2.5%
2016+0.5%
2017+1.0%
2018-2.0%
2019+1.5%
2020+2.2%

Assuming that consumer price inflation was constant at 3% each year, it can be concluded that

A

real GDP was higher in 2016 than in 2015.

B

real national output decreased each year between 2015 and 2018.

C

money (nominal) GDP fell between 2012 and 2013.

D

real GDP was at its highest level in 2011.

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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