An economy's GDP increased from €600 billion in 2020 to €648 billion in 2022. Using 2020 as the base year, what is the value of the index for GDP in 2022?
104.8
108.0
112.0
148.0
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.