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2.1 The measurement of macroeconomic performance

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Question 82

Context 2: THE EMERGING MARKET CONTEXT

Extract C

Macroeconomic Indicator2018 (Actual)2019 (Actual)2020 (Actual)2021 (Forecast)2022 (Forecast)
GDP at current prices (US$ billions)310334346366408
Inflation (%)3.52.83.24.03.8
Unemployment (% of labour force)2.22.02.72.42.1
Current account balance (US$ billions)+5.8+12.2+15.1+8.5+10.2

Using Extract C, calculate to one decimal place the % change in Vietnam's GDP at current prices between 2018 and 2019 and identify one other significant feature of the data.

[5]
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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