| Macroeconomic Indicator | 2019 (Actual) | 2020 (Actual) | 2021 (Actual) | 2022 (Forecast) | 2023 (Forecast) |
|---|---|---|---|---|---|
| GDP at current prices (US$ billions) | 323 | 271 | 314 | 343 | 362 |
| Inflation (%) | 3.5 | 2.5 | 5.6 | 9.7 | 7.2 |
| Unemployment (% of labour force) | 10.5 | 15.9 | 13.7 | 11.2 | 9.8 |
| Current account balance (US$ billions) | -14.2 | -12.1 | -15.8 | -13.4 | -11.5 |
Using Extract C, calculate to one decimal place the % change in Colombia's GDP at current prices between 2020 and 2021 and identify one other significant feature of the data.
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.