The table below shows the index of Gross Domestic Product (GDP) measured at current prices (nominal GDP) and the associated price index for an economy.
| Year | Index of GDP at current prices (2015=1002015 = 1002015=100) | Price index (2015=1002015 = 1002015=100) |
|---|---|---|
| 2012 | 75 | 75 |
| 2022 | 125 | 115 |
Based on the table, which one of the following statements is correct for the period between 2012 and 2022?
Real GDP rose by 50%50\%50%.
Nominal GDP rose by 50%50\%50%.
Real GDP rose by less than 50%50\%50%.
Nominal GDP rose by less than 50%50\%50%.
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.