The table below shows indices of the volume of real exports for two countries, Aquilonia and Beleriand, between 2017 and 2022.
| Year | Aquilonia (Index: 2019 = 100) | Beleriand (Index: 2019 = 100) |
|---|---|---|
| 2017 | 80 | 90 |
| 2018 | 95 | 95 |
| 2019 | 100 | 100 |
| 2020 | 120 | 110 |
| 2021 | 135 | 115 |
| 2022 | 150 | 120 |
Which one of the following can be concluded from the data?
In 2019, both economies exported the exact same absolute volume of goods because both index values were 100.
Between 2017 and 2022, the percentage growth in the volume of exports from Aquilonia was more than double the percentage growth in Beleriand.
In 2017, Beleriand's absolute volume of exports was higher than Aquilonia's because its index value was higher (90 compared to 80).
Between 2020 and 2022, the volume of exports from Aquilonia grew by exactly 30%30\%30%.
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.