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2.1 The measurement of macroeconomic performance

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Question 21

The following table shows the Household Final Consumption Expenditure (HFCE) of an economy from 2018 to 2022.

Year20182019202020212022
HFCE (£bn)12201255118012451315

If the figures are converted to index form with 2019 as the base year, what is the value of the index (to the nearest whole number) in 2022?

108108108

105105105

959595

111111111

2.1 The measurement of macroeconomic performance Questions

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