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2.1 The measurement of macroeconomic performance

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Question 44

The table below shows nominal GDP (Gross Domestic Product) for an economy, expressed as index numbers.

YearNominal GDP (2019=1002019 = 1002019=100)
201791
201896
2019100
2020103
2021109

Between 2017 and 2021, there must have been an increase in

aggregate demand.

the level of employment.

the rate of inflation.

the government's budget surplus.

2.1 The measurement of macroeconomic performance Questions

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