The table below shows nominal Gross Domestic Product (GDP) and the GDP deflator for an economy over a two-year period.
| Year | Nominal GDP (£ billion) | GDP Deflator |
|---|---|---|
| Year 1 | 250 | 125 |
| Year 2 | 297 | 135 |
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%
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.