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2.1 The measurement of macroeconomic performance

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Question 1

Context 2: Poland's economy

Using the data in Extract D (Figure 4), calculate Poland's rate of inflation for the year ended 31 December 2023. Give your answer to two decimal places.

Extract D

Figure 3: Annual real GDP growth rates (%) for Poland, 2018–2023

YearAnnual real GDP growth rate (%)
20185.2
20194.7
2020-2.0
20216.8
20225.3
20230.2

Figure 4: Consumer price index (CPI) for Poland, 2018–2023 (Base Year 2015 = 100)

DateCPI index
31 Dec 2018102.10
31 Dec 2019104.45
31 Dec 2020108.01
31 Dec 2021113.72
31 Dec 2022125.20
31 Dec 2023136.85
[2]

2.1 The measurement of macroeconomic performance Questions

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