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3.1 Economic growth

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Question 9

A national statistics office is reviewing the change in an economy's output over a year. Its data are shown in the table.

MeasureValue
Real GDP at the start of the year£735 billion
Annual real GDP growth rate-1.8%

Calculate real GDP at the end of the year. Show your working.

[2]
Markscheme

3.1 Economic growth Questions

  1. GCSE
  2. /Economics
  3. /3.1 Economic growth

78 exam-style questions on OCR GCSE Economics 3.1 Economic growth, covering 3.1.1 What is economic growth, 3.1.2 Calculate economic growth using GDP, 3.1.3 Explain how growth is measured, 3.1.4 Analyse GDP data, 3.1.5 Determinants of economic growth, and 3.1.6 Costs and benefits of economic growth. Each one has a worked solution and a mark scheme showing where the marks go.

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