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3.1 Economic growth

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Question 10

Advances in technology allow several UK firms to begin providing a digital service that did not previously exist. Which conclusion about the effect on the UK economy's real output is best supported?

[1]
A

The service may add to real output and contribute to economic growth

B

The service may raise nominal GDP without raising real GDP, because it has a selling price

C

The service may raise GDP only if the firms providing it are UK-owned

D

The service may add to firms' sales but not to GDP, because GDP counts goods rather than services

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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