The table below shows the annual growth rates (% change over the previous year) of an economy's real GDP per capita between 2018 and 2022.
| Year | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Growth rate (%) | 3.2 | -2.0 | -5.0 | -1.5 | 0.2 |
From the data in the table, it can be inferred that the:
average amount produced per person was lower in 2022 than in 2018.
rate of growth of nominal GDP must also have been positive in 2022.
annual rate of inflation declined after 2020.
total population of the economy fell between 2018 and 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.