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2.1 The measurement of macroeconomic performance

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Question 79

Extract A: CPI Inflation and Nominal Service Sector Wage Growth in the UK (2018–2023)

YearCPI Inflation (%)Nominal Service Sector Wage Growth (%)
20182.53.1
20191.83.4
20200.91.2
20212.64.5
20229.16.2
20237.36.8

Using Extract A, identify two significant points of comparison between CPI inflation and nominal service sector wage growth over the period 2018 to 2023.

[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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