The table below shows the index of average global dry bulk shipping freight rates between 2019 and 2023.
| Year | Freight rate index |
|---|---|
| 2019 | 100 |
| 2020 | 125 |
| 2021 | 200 |
| 2022 | 160 |
| 2023 | 180 |
Which one of the following can be deduced from the above data?
The average global dry bulk shipping rate rose in every year between 2019 and 2023.
Between 2020 and 2021, the average global dry bulk shipping rate rose by 75%.
Compared with 2021, the average global dry bulk shipping rate was 20% cheaper in 2022.
Total expenditure on global dry bulk shipping fell in 2022.
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.