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2.1 The measurement of macroeconomic performance

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Question 22

Extract B: Canada macroeconomic policy indicators, 2012 to 2019

YearUnemployment rate (%)Economic growth (% change in real GDP)Inflation rate (%) (CPI)Current account balance (% of GDP)
20127.31.81.5-3.0
20137.12.30.9-2.8
20146.92.91.9-2.3
20156.90.71.1-3.1
20167.01.01.6-3.2
20176.33.21.6-2.8
20185.82.42.3-2.4
20195.71.91.9-2.0

Using Extract B, identify two significant points of comparison between the unemployment rate and the inflation rate in Canada over the period 2012 to 2019.

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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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