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Economic growth

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Question 4

In 2022, the real GDP of an economy was 524.5 billion524.5\text{ billion}524.5 billion. In 2023, the real GDP was recorded as 538.2 billion538.2\text{ billion}538.2 billion. What was the rate of economic growth in 2023?

A

−2.61%-2.61\%−2.61%

B

2.55%2.55\%2.55%

C

2.61%2.61\%2.61%

D

−2.55%-2.55\%−2.55%

Markscheme

Economic growth Questions

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

21 exam-style questions on OCR A Level Economics Economic growth. Each one has a worked solution and a mark scheme showing where the marks go.

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