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Trends in macroeconomic indicators

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Question 3

The table below shows the nominal GDP for a country.

YearNominal GDP (£m)
2022400 000
2023520 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

Trends in macroeconomic indicators Questions

  1. A Level
  2. /Economics
  3. /Trends in macroeconomic indicators