Question 95 – 2.1 The measurement of macroeconomic performance - Questions

If the United Kingdom's GDP in 2022 was £2230 billion, use the data in Table 1 to calculate, to the nearest £billion, the difference in forecast United Kingdom GDP for 2023 between the IMF's initial and revised growth forecasts.

Table 1: IMF actual and forecast GDP growth rates for selected G7 economies (% per annum)

Country	Actual 2021	Actual 2022	IMF forecasts for 2023: Initial forecast	IMF forecasts for 2023: Revised forecast
United Kingdom	7.5	4.3	-0.2	0.5
Canada	5.0	3.4	0.8	1.5
Japan	2.1	1.0	1.1	1.3
Germany	2.6	1.8	-0.3	0.1
France	6.8	2.5	0.6	1.2

2.1 The measurement of macroeconomic performance

Question 33

Table 1: IMF actual and forecast GDP growth rates for selected G7 economies (% per annum)

2.1 The measurement of macroeconomic performance

Question 33

Table 1: IMF actual and forecast GDP growth rates for selected G7 economies (% per annum)

2.1 The measurement of macroeconomic performance

Question 33

Table 1: IMF actual and forecast GDP growth rates for selected G7 economies (% per annum)

2.1 The measurement of macroeconomic performance Questions

2.1 The measurement of macroeconomic performance

Question 33

Table 1: IMF actual and forecast GDP growth rates for selected G7 economies (% per annum)

2.1 The measurement of macroeconomic performance Questions