A-LevelEconomicsThe macroeconomy9708/33 · Oct/Nov 2019 · Q201 Mark

In 2015 New Zealand had a real Gross Domestic Product per capita of $34 762. Why might this figure not be a good indicator of living standards? A Foreign trade is not included in the figure. B It does not take into account changes in population. C It does not take into account inflation. D There are wide differences in the distribution of income.

(a)In 2015 New Zealand had a real Gross Domestic Product per capita of $34 762. Why might this figure not be a good indicator of living standards? A Foreign trade is not included in the figure. B It does not take into account changes in population. C It does not take into account inflation. D There are wide differences in the distribution of income.[1]

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2019). The mark or mark type is shown in brackets.

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Topic: The macroeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, Oct/Nov 2019 Paper 3 Variant 3, question 20.

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