Day: September 28, 2017

Economics Multiple Choice Question – 28 September 2017

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

The table below shows UK annual real GDP values for 2011–2013.

Table 05

Which ONE of the following can be inferred from the table?

Select ONE answer:

  1. Real GDP was falling between 2012 and 2013
  2. The annual UK economic growth rate for 2012 was negative
  3. Nominal GDP was falling between 2012 and 2013
  4. The annual UK economic growth rate for 2012 was positive
  5. Real GDP was lower in 2014 than in 2012

Calculate the annual UK economic growth rate for 2013 from the table above. You are advised to show your workings:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Economics KS5 classes.

The answer is 4 – 2012 Real GP was £1,506 Billion and £1,502 Billion in 2011, an increase of 0.3%

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