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2.1 The measurement of macroeconomic performance

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Question 8

Table 1: Export Statistics (2020–2023)

YearCurrent monetary value of exports (€ billion)Index of export prices (2021 = 100)Value of the country's exports at 2021 prices (€ billion)
202015075?
2021220100220
2022260104?
2023315105300

Using the data in Table 1, which one of the following is correct?

The value of the country's exports in 2020 at 2021 prices, to the nearest € billion, was €113 billion

The value of the country's exports in 2020 at 2021 prices, to the nearest € billion, was €200 billion

The value of the country's exports in 2022 at 2021 prices, to the nearest € billion, was €156 billion

The value of the country's exports in 2022 at 2021 prices, to the nearest € billion, was €240 billion

2.1 The measurement of macroeconomic performance Questions

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