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2.1 The measurement of macroeconomic performance

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Question 11

Table 1 shows the indices of real GDP and total employment for Country Aster and Country Birch for two consecutive years.

Table 1

Index of real GDPIndex of total employment
Year 1Year 2Year 1Year 2
Country Aster100105100102
Country Birch100112100110

Which one of the following can be concluded from the data?

In Year 2, the absolute level of real GDP and employment was higher in Country Birch than in Country Aster.

Over the period, labour productivity (real GDP per worker) grew at a faster rate in Country Aster than in Country Birch.

In Year 2, labour productivity (real GDP per worker) was higher in Country Aster than in Country Birch.

Both real GDP and employment grew at a faster rate in Country Aster than in Country Birch over the period.

2.1 The measurement of macroeconomic performance Questions

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