The table below shows how the index of real GDP and the index of population changed in an economy between 2016 and 2020.
| Year | Real GDP (2018=1002018 = 1002018=100) | Population (2018=1002018 = 1002018=100) |
|---|---|---|
| 2016 | 95 | 98 |
| 2017 | 97 | 99 |
| 2018 | 100 | 100 |
| 2019 | 103 | 101 |
| 2020 | 104 | 104 |
Which one of the following can be inferred from the data?
The total population was larger than real GDP in 2016
Between 2016 and 2018, real GDP grew by exactly 5% whereas population grew by 2%
There was no growth in real GDP per capita between 2018 and 2020
Inflation caused nominal GDP to grow faster than real GDP between 2016 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.