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2.1 The measurement of macroeconomic performance

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Question 3

Extract B

Figure 1: CPI inflation rates (%) for Sweden and Canada, 2016 to 2021

YearSwedenCanada
20160.981.60
20171.791.60
20181.952.27
20191.781.95
20200.500.72
20212.163.40

Figure 2: Real GDP growth rates (%) for Sweden and Canada, 2016 to 2021

YearSweden (%)Canada (%)
20162.11.0
20172.63.1
20182.02.4
20192.01.9
2020-2.2-5.2
20215.14.5

Using the data in Extract B (Figure 1), calculate, to two decimal places, the mean inflation rate for Sweden from 2016 to 2021.

[2]

2.1 The measurement of macroeconomic performance Questions

  1. A Level
  2. /Economics
  3. /2.1 The measurement of macroeconomic performance