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 suggest that Gross Domestic Product (GDP) is 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

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