A-LevelEconomicsThe macroeconomy9708/12 · Feb/Mar 2018 · Q211 Mark

During one year the national output of a country valued in terms of money prices increased by 8% while the index of the prices of all goods and services produced in the country increased by 3%. By how much did the real national output increase?

A3%

B5%

C8%

D11%

✓ Correct answer

B: 5%

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Topic: The macroeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Feb/Mar 2018 Paper 1 Variant 2, question 21.

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