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2.1 The measurement of macroeconomic performance

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Question 33

Using the data in Table 1:

Table 1: Selected economic data for East Escandia
20182019202020212022
Population (millions)5.45.45.55.55.6
Real GDP (£, bn)112115108114121
Unemployment Rate (%)8.47.69.88.26.9
Current Account Balance (£, bn)+1.2+1.5-0.8+0.4+1.1
a.

Calculate, to the nearest whole number, the real GDP per capita in East Escandia for 2021.

[2]
b.

Identify one significant comparison between the unemployment rate and real GDP over the period 2018 to 2022.

[3]

2.1 The measurement of macroeconomic performance Questions

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  2. /Economics
  3. /2.1 The measurement of macroeconomic performance