Economics (AS & A Level) · Feb / March 2023 · Paper 12 · Question 29

The table shows GDP indices for a country over a three-year period. | | year 1 | year 2 | year 3 | |---|---|---|---| | real GDP | 100 | 105 | 106 | | money GDP | 100 | 107 | 115 | Inflation and economic growth are two macroeconomic policy objectives. Which row gives a correct assessment of the country's achievement of these two objectives over the period? | | rate of inflation | rate of economic growth | |---|---|---| | A | cannot tell | positive | | B | declining | cannot tell | | C | positive | declining | | D | rising | negative |

1. Acannot tell | positive
2. Bdeclining | cannot tell
3. Cpositive | declining
4. Drising | negative

As printed in the paper