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2.1 The measurement of macroeconomic performance

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Question 51

Table 1 shows the Consumer Price Index (CPI) for an economy over a twelve-year period.

Table 1: Consumer Price Index (CPI)

YearCPI
2010125
2013121
2016129
2019137
2022145

Which one of the following can be concluded from Table 1?

The price of a typical basket of goods and services increased in every period between 2010 and 2022.

The rate of inflation between 2013 and 2016 was the same as the rate of inflation between 2016 and 2019.

Real GDP reached its highest level in 2022.

The purchasing power of money increased between 2010 and 2013.

2.1 The measurement of macroeconomic performance Questions

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