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2.4 National income

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Question 9

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.

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Markscheme

2.4 National income Questions

  1. A Level
  2. /Economics
  3. /2.4 National income

75 exam-style questions on Edexcel A A Level Economics 2.4 National income, covering 2.4.1 National income, 2.4.2 Injections and withdrawals, 2.4.3 Equilibrium levels of real national output, and 2.4.4 The multiplier. Each one has a worked solution and a mark scheme showing where the marks go.

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