Skip to content

Course home

Sign up

2.1 The measurement of macroeconomic performance

EasyMediumHard
123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102
Question 28

Table 1 contains data for the rates of growth of nominal and real GDP and the rate of inflation for an economy in a given year.

Which one of the following combinations shows the correct relationship between the three variables?

Table 1

Nominal GDP growthReal GDP growthInflation
A+3%+1%+1%
B-1%-3%+2%
C+4%+2%-2%
D-4%-1%-4%
A

Nominal GDP growth: +3%+3\%+3%, Real GDP growth: +1%+1\%+1%, Inflation: +1%+1\%+1%

B

Nominal GDP growth: −1%-1\%−1%, Real GDP growth: −3%-3\%−3%, Inflation: +2%+2\%+2%

C

Nominal GDP growth: +4%+4\%+4%, Real GDP growth: +2%+2\%+2%, Inflation: −2%-2\%−2%

D

Nominal GDP growth: −4%-4\%−4%, Real GDP growth: −1%-1\%−1%, Inflation: −4%-4\%−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.

Question bank