2.1.4 Uses of national income data (A-level only)
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What the data measures

What the data measures

Flow diagram showing national income data adjusted for inflation, population and price levels before being used to measure growth, compare living standards, guide policy and support business decisions

National income data estimates the value of economic activity over a quarter or year. At A-level, the main measures are GDP and GNI, which economists use to judge growth, living standards and decision-making.

2.1.4 Uses of national income data (A-level only) Lesson

  1. A Level
  2. /Economics
  3. /2.1.4 Uses of national income data (A-level only)