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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

nominal GDP contracted over this period.

real GDP per capita increased.

nominal GDP per capita increased.

the Gini coefficient must have decreased.

2.1 The measurement of macroeconomic performance Questions

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