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2.1 The measurement of macroeconomic performance

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Question 16

Over a certain fiscal period, a nation's real GDP contracted by 2.0%. During this same period, its total population declined by 1.0%, and the annual rate of inflation was recorded at 3.0%. From these data, it can be inferred that

A

nominal GDP contracted over this period.

B

real GDP per capita increased.

C

nominal GDP per capita increased.

D

the Gini coefficient must have decreased.

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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