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2.1 The measurement of macroeconomic performance

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Question 6

The table below shows the index for nominal national income (GDP) and the consumer price index (CPI) for a country in 2021 and 2022.

20212022
Nominal GDP Index120132
CPI110125

According to these figures, between 2021 and 2022 the country's real national income

increased.

decreased.

stayed the same.

changed by an amount that cannot be determined without further information.

2.1 The measurement of macroeconomic performance Questions

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