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2.5 Economic growth

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Question 32

Table 1: Annual real GDP, Country A ($ billion)

YearAnnual real GDP ($ billion)
2018340
2019335
2020348

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

Real GDP was falling between 2019 and 2020

The annual economic growth rate for 2019 was negative

Nominal GDP was falling between 2019 and 2020

The annual economic growth rate for 2019 was positive

2.5 Economic growth Questions

  1. A Level
  2. /Economics
  3. /2.5 Economic growth