The table below shows the nominal GDP for a country.
| Year | Nominal GDP (£m) |
|---|---|
| 2022 | 400 000 |
| 2023 | 520 000 |
Between 2022 and 2023, the rate of inflation was 4%.
The population of the country was 12 million in 2022 and increased by 5% in 2023.
What is the country's real GDP per capita in 2023, at 2022 prices (to the nearest pound)?
£36,541
£39,683
£41,270
£41,667
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.