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2.4.1 National income

Easy
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Question 3

Canada nominal GDP and population, 2019 to 2021

YearNominal GDP (CAD millions)Population (millions)
20192 301 40037.6
20202 208 90038.0
20212 491 20038.2

Define the term 'real' when used in the context of macroeconomic indicators.

[1]
Markscheme

2.4.1 National income Questions

  1. A Level
  2. /Economics
  3. /2.4.1 National income

16 exam-style questions on Edexcel A A Level Economics 2.4.1 National income. Each one has a worked solution and a mark scheme showing where the marks go.

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