Question 14 marks
Not finished
| Indicator | Annual change |
|---|---|
| Nominal GDP | +9% |
| GDP price level | +6% |
Using the data, estimate real GDP growth and why it is lower than nominal GDP growth [4]
Practice Questions · 9708
The Macroeconomy
Original StepsToConquer questions written in CAIE style. These are practice questions, not past Cambridge examination questions.
Your answer
Write in full sentences. Use the context or data, make each relationship explicit, and include a reasoned judgement where the command word requires one.