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Trends in macroeconomic indicators

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Question 5

The table below shows nominal Gross Domestic Product (GDP) and the GDP deflator for an economy over a two-year period.

YearNominal GDP (£ billion)GDP Deflator
Year 1250125
Year 2297135

What is the percentage growth in real GDP between Year 1 and Year 2?

8.0%8.0\%8.0%

10.8%10.8\%10.8%

10.0%10.0\%10.0%

18.8%18.8\%18.8%

Trends in macroeconomic indicators Questions

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