| Year | Real GDP (£ billion) | Population (millions) |
|---|---|---|
| 2021 | 500 | 50 |
| 2022 | 520 | 51 |
| 2023 | 515 | 52 |
Which one of the following can be inferred from Table 1?
Between 2021 and 2022, nominal GDP grew by exactly 4.0%4.0\%4.0%
The annual rate of economic growth in 2023 was negative
Real GDP per capita increased between 2022 and 2023
Real GDP per capita was higher in 2023 than in 2021
39 exam-style questions on Edexcel A A Level Economics 2.5 Economic growth. Each one has a worked solution and a mark scheme showing where the marks go.