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2.1 The measurement of macroeconomic performance

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Question 5

Table 1: Agricultural Sector Output (2021–2024)

YearNominal value of agricultural output ( \\\,1\text{ billion}$)Agricultural producer price index (2022=1002022 = 1002022=100)Real value of agricultural output at 202220222022 prices (\\1\text{ billion}$)
202112080?
2022165100165
2023198110?
2024224112200

Using the data in Table 1, which one of the following is correct?

A

The real value of agricultural output in 202120212021 at 202220222022 prices was \\96\text{ billion}$

B

The real value of agricultural output in 202120212021 at 202220222022 prices was \\150\text{ billion}$

C

The real value of agricultural output in 202320232023 at 202220222022 prices was \\178\text{ billion}$

D

The real value of agricultural output in 202320232023 at 202220222022 prices, to the nearest billion, was \\218\text{ billion}$

Markscheme

2.1 The measurement of macroeconomic performance Questions

  1. A Level
  2. /Economics
  3. /2.1 The measurement of macroeconomic performance

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.

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