2.1 Measures of economic performance

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Question 33

Republic of Voria: Nominal GDP and Population, 2021 to 2023

Year	Nominal GDP (€ millions)	Population (millions)
2021	345,200	10.2
2022	362,500	10.4
2023	378,900	10.5

Using the nominal GDP data above, which one of the following represents the index number for 2023, if 2022 is the base year?

$95.2$

$101.0$

$104.5$

$109.8$