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2.1 The measurement of macroeconomic performance

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Question 7

Extract B

Table 1: Key Indicators of UK Living Standards (2012 to 2022)

YearReal Median Household Disposable Income (Index, 2012 = 100)Gini Coefficient (%)Real GDP per Capita (£, 2012 prices)
2012100.034.227,500
2015104.533.828,800
2018106.234.529,400
2022105.135.729,100

Table 2: Relative Poverty Rates in the UK (percentage of group below 60% of median income, before housing costs)

Group20122022
Children17.5%20.1%
Working-age adults14.1%15.2%
Pensioners13.5%12.8%

Using the data in Extract B, to what extent, if at all, do the data suggest that living standards in the UK improved between 2012 and 2022?

[10]
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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