Economics 9708 · AS & A Level · National income statistics

National income statistics — practice question

Over one year, a country's national income measured in money terms rose by 3%, the general level of prices rose by 4%, and the total population rose by 1%. Approximately what was the change in real income per head?

  • Aa decrease of 1%
  • Ba decrease of 2%
  • Can increase of 2%
  • Dan increase of 3%

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