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2.1 The measurement of macroeconomic performance

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Question 2

Extract A

Figure 1: Standard Value Added Tax (VAT) rates (%) in selected European nations, 2023

CountryVAT rate (%)
Denmark25.0
Greece24.0
Italy22.0
Netherlands21.0
Germany19.0
Switzerland8.1

Figure 2: Macroeconomic performance indicators for selected European nations, 2023

DenmarkGreeceItaly
Real GDP Growth (%)1.92.00.9
Inflation rate (%)3.34.25.9
Unemployment (thousands)1455301950
Labour force (millions)3.14.824.1
Government Debt-to-GDP (%)30.1161.9137.3

Explain how the data in Extract A (Figure 2) show that Denmark's macroeconomic performance was stronger than that of Greece and Italy in 2023.

[4]
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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