The index for the real value of a country's exports was 100 in 2017 (the base year) and 114 in 2023. In 2017, the real value of exports was £250 billion. The monetary value of the real exports for this economy in 2023 must therefore have been
£215 billion
£285 billion
£264 billion
£350 billion
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.