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2.1 The measurement of macroeconomic performance

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Question 4

Table 1 shows the index numbers for real GDP per head for Country Alpha and Country Beta from 2020 to 2023.

Table 1: Index numbers for real GDP per head (2020=1002020 = 1002020=100)

YearCountry AlphaCountry Beta
2020100100
2021102105
2022101104
2023106109

From Table 1, it can be concluded that real GDP per head:

grew at the same percentage rate between 2022 and 2023 in both countries.

grew every year throughout the period in both countries.

rose at a faster percentage rate in Country Alpha than in Country Beta between 2021 and 2023.

was higher in absolute terms in Country Beta than in Country Alpha from 2021 to 2023.

2.1 The measurement of macroeconomic performance Questions

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  3. /2.1 The measurement of macroeconomic performance