The data below shows key macroeconomic performance indicators for four hypothetical economies.
| Country | 2023 CPI Inflation Rate | 2023 Unemployment Rate (ILO) | 2022 GDP Growth Rate | 2023 GDP Growth Rate |
|---|---|---|---|---|
| Eluria | 8.4% | 3.5% | 1.2% | -0.4% |
| Fredonia | -1.5% | 11.2% | 4.1% | -2.5% |
| Gondor | 1.9% | 4.2% | 2.6% | 2.8% |
| Hesperia | 5.2% | 6.8% | 0.5% | 0.9% |
If an economist was judging the performance of these economies from the perspective of standard UK macroeconomic policy objectives, which economy would they decide performed best?
Eluria
Fredonia
Gondor
Hesperia
43 exam-style questions on OCR A Level Economics Trends in macroeconomic indicators. Each one has a worked solution and a mark scheme showing where the marks go.