Economics (AS & A Level) · May / June 2022 · Paper 11 · Question 20

The table shows a country's total output and its average price in each of three years. year | output (millions) | price ($) 1 | 10 | 20 2 | 12 | 24 3 | 13 | 26 What can be concluded about output?

1. ANominal output and real output increased at the same rate.
2. BNominal output rose at a faster rate than real output.
3. CNominal output rose at an increasing rate.
4. DReal output rose at a constant rate.

As printed in the paper