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2.1 The measurement of macroeconomic performance

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Question 9

Nominal GDP for an economy fell from €450 billion to €440 billion. The general price level also fell over the same period. It can be concluded that

A

the economy definitely experienced a fall in physical output.

B

the price level must have fallen by more than the decline in nominal GDP.

C

real national income may have risen, fallen, or remained constant.

D

the deflation rate was lower than the rate of decrease in nominal GDP.

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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