The table below shows macroeconomic indicators for four hypothetical economies, A, B, C, and D.
EconomyAnnual Real GDP GrowthAnnual CPI InflationUnemployment RateCurrent Account Balance (% of GDP)A+0.5%+0.8%8.5%+5.0%B+2.4%+2.0%4.5%−1.2%C+6.8%+11.5%1.8%−8.5%D−2.0%−1.5%12.0%+0.5% \begin{array}{|c|c|c|c|c|} \hline \textbf{Economy} & \textbf{Annual Real GDP Growth} & \textbf{Annual CPI Inflation} & \textbf{Unemployment Rate} & \textbf{Current Account Balance (\% of GDP)} \\ \hline \text{A} & +0.5\% & +0.8\% & 8.5\% & +5.0\% \\ \hline \text{B} & +2.4\% & +2.0\% & 4.5\% & -1.2\% \\ \hline \text{C} & +6.8\% & +11.5\% & 1.8\% & -8.5\% \\ \hline \text{D} & -2.0\% & -1.5\% & 12.0\% & +0.5\% \\ \hline \end{array} EconomyABCDAnnual Real GDP Growth+0.5%+2.4%+6.8%−2.0%Annual CPI Inflation+0.8%+2.0%+11.5%−1.5%Unemployment Rate8.5%4.5%1.8%12.0%Current Account Balance (% of GDP)+5.0%−1.2%−8.5%+0.5%Which economy is most successful in simultaneously achieving the primary macroeconomic objectives of government economic policy?
Economy A
Economy B
Economy C
Economy D
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.