Economics (AS & A Level) · Feb / March 2024 · Paper 12 · Question 15
9708Economic growth
The table shows real GDP expressed as an index number in each quarter of 2021. What can be concluded from the table?
- AInflation reduced the real value of GDP in the first six months of 2021.
- BReal GDP was lower at the end of 2021 than 2020.
- CThe economy was in recession at the end of the first six months of 2021.
- DThe standard of living was higher at the end of 2021 than in 2020.
As printed in the paper
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Correct answer: C. The economy was in recession at the end of the first six months of 2021.
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