A-LevelEconomicsThe macroeconomy9708/31 · May/June 2019 · Q191 Mark

Which characteristics of the population, the size of the informal economy and the rate of inflation would mean that Gross Domestic Product (GDP) is likely to be relatively accurate as a comparison of the standard of living over time? population size of informal economy rate of inflation A rising large rising B rising small stable C stable large rising D stable small stable

Mark scheme

Marking points from the official mark scheme (May/June 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, May/June 2019 Paper 3 Variant 1, question 19.

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