Economics (AS & A Level) · Oct / Nov 2021 · Paper 33 · Question 24

The table shows the nominal GDP growth rate and annual inflation rate in four countries, W, X, Y and Z. | | nominal GDP growth rate (%) | annual inflation rate (%) | |---|---|---| | W | 2.1 | 1.9 | | X | –1.6 | 8.9 | | Y | 4.1 | 5.8 | | Z | –2.0 | 16.4 | What can be concluded from the table?

1. AW experienced the highest rate of real economic growth.
2. BX and Z experienced deflation.
3. CY experienced the greatest rise in the standard of living.
4. DZ experienced the greatest growth in public debt.

As printed in the paper