A-LevelEconomicsNational Income StatisticsOct/Nov 2018Paper 1 Q201 Mark
The table shows the consumer price index (CPI) and national output at current prices in 2014 and 2015 for an economy. [Table: year, CPI, national output at current prices 2014 100 100 2015 120 110] What can be concluded when 2015 is compared with 2014?
AMoney national output decreased by 10%.
BMoney national output increased by 20%.
CReal national output fell.
DReal national output increased.
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of national income statistics within the Economicssyllabus. The examiner's mark scheme requires...
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Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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