Economics 9708 · AS & A Level · National income statistics

National income statistics — practice question

Which features of the population, together with the size of the informal economy and the inflation rate, would make Gross Domestic Product (GDP) likely to be a fairly accurate way of comparing the standard of living over time?

  • Apopulation: rising; size of informal economy: large; rate of inflation: rising
  • Bpopulation: rising; size of informal economy: small; rate of inflation: stable
  • Cpopulation: stable; size of informal economy: large; rate of inflation: rising
  • Dpopulation: stable; size of informal economy: small; rate of inflation: stable

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI