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2.1 The measurement of macroeconomic performance

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Question 20

When economists compare real Gross Domestic Product (GDP) per capita across nations to assess relative living standards, they often convert the data using Purchasing Power Parity (PPP) exchange rate adjustments rather than market exchange rates. This conversion is necessary because market exchange rates fail to reflect international differences in:

A

income inequality.

B

the size of any informal economy.

C

local price levels and the cost of living.

D

rates of population growth.

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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