Figure 1: CPI inflation rates (%) for Japan and New Zealand, 2017 to 2022
| Year | Japan | New Zealand |
|---|---|---|
| 2017 | 0.47 | 1.85 |
| 2018 | 0.98 | 1.60 |
| 2019 | 0.48 | 1.62 |
| 2020 | -0.02 | 1.71 |
| 2021 | -0.23 | 3.14 |
| 2022 | 2.50 | 7.17 |
Figure 2: Real GDP growth rates (%) for Japan and New Zealand, 2017 to 2022
| Year | Japan (%) | New Zealand (%) |
|---|---|---|
| 2017 | 1.7 | 3.7 |
| 2018 | 0.6 | 3.4 |
| 2019 | -0.4 | 3.0 |
| 2020 | -4.3 | -1.2 |
| 2021 | 2.2 | 5.1 |
| 2022 | 1.0 | 2.4 |
Using the data in Extract C (Figure 1), calculate, to two decimal places, the mean inflation rate for New Zealand from 2017 to 2022.
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.