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2.1 Measures of economic performance

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Question 31

Based on the data below, explain the likely relationship between real disposable income and subjective happiness.

Median Annual Household Disposable Income in Valeside, 2010 to 2022

YearReal Disposable Income (£)Nominal Disposable Income (£)
201024,00020,000
201323,50022,000
201624,00024,000
201924,50026,000
202224,00028,500
[3]

2.1 Measures of economic performance Questions

  1. A Level
  2. /Economics
  3. /2.1 Measures of economic performance