The table below shows the index of real GDP for Canada between 2016 and 2020.
| Year | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Canada index of real GDP (2018 = 100) | 94.5 | 97.4 | 100.0 | 101.9 | 96.5 |
From the data, it can be inferred that in Canada:
real GDP grew by 5.5%5.5\%5.5% between 2016 and 2018.
the annual rate of inflation was 1.9%1.9\%1.9% in 2019.
the rate of economic growth was lower in 2019 than in 2018.
total real output of the economy fell by 5.4%5.4\%5.4% between 2019 and 2020.
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.