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2.5 Economic growth

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Question 27

Table 1: Real GDP and population data for Country B

YearReal GDP (£ billion)Population (millions)
202150050
202252051
202351552

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

2.5 Economic growth Questions

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