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2.1 The measurement of macroeconomic performance

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Question 12

The table below shows how the index of real GDP and the index of population changed in an economy between 2016 and 2020.

YearReal GDP (2018=1002018 = 1002018=100)Population (2018=1002018 = 1002018=100)
20169598
20179799
2018100100
2019103101
2020104104

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

2.1 The measurement of macroeconomic performance Questions

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