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2.1 The measurement of macroeconomic performance

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Question 38

Table 2 shows the indices of labour productivity and real Gross National Income (GNI) for Country Alpha and Country Beta for 2 years.

Table 2

CountryIndex of labour productivity: Year 1Index of labour productivity: Year 2Index of real GNI: Year 1Index of real GNI: Year 2
Country Alpha100108100115
Country Beta100104100109

Which one of the following can be concluded from the data?

In Year 2, the absolute level of labour productivity and real GNI was higher in Country Alpha than Country Beta.

In Year 2, real GNI per capita was higher in Country Alpha than Country Beta.

Both labour productivity and real GNI grew at a faster rate in Country Alpha than in Country Beta over the period.

Real GNI per capita grew more quickly in Country Alpha than in Country Beta over the period.

2.1 The measurement of macroeconomic performance Questions

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