A-LevelEconomicsThe macroeconomy9708/12 · Feb/Mar 2024 · Q151 Mark
The table shows real GDP expressed as an index number in each quarter of 2021. [Figure 15.1] What can be concluded from the table?
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
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.
✓ Correct answer
C: The economy was in recession at the end of the first six months of 2021.
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