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2.1 The measurement of macroeconomic performance

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Question 77

Extract A: Index of residential construction costs and first-time buyer median household income (2014–2024)

YearIndex of Residential Construction Costs (2014 = 100)Index of First-Time Buyer Median Household Income (2014 = 100)
2014100100
2016106104
2018115109
2020122113
2022138116
2024159120

Using Extract A, identify two significant points of comparison between the changes in the index of residential construction costs and the changes in the index of first-time buyer median household income over the period shown.

[4]
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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