The table below shows key macroeconomic performance indicators for four hypothetical economies.
| Country | 2024 Inflation Rate (CPI) | 2024 Unemployment Rate (ILO) | 2023 GDP Growth Rate | 2024 GDP Growth Rate |
|---|---|---|---|---|
| Eldoria | 8.4% | 2.8% | 1.2% | 0.4% |
| Frederica | 1.9% | 4.2% | 2.1% | 2.4% |
| Galia | -1.5% | 11.3% | 4.5% | -2.1% |
| Hesperia | 5.2% | 7.5% | -0.8% | 1.1% |
If an economist was judging the performance of these economies from the perspective of standard UK macroeconomic policy objectives, which economy performed best overall?
Eldoria
Frederica
Galia
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.