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2.4 National income

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Question 43

New Zealand nominal GDP and population, 2020 to 2022

YearNominal GDP (NZD millions)Population (millions)
2020325 1005.08
2021359 4005.11
2022385 8005.12

Define the term 'nominal' 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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