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How development economics shapes a better world

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Question and answer: Government failure

EXAM-STYLE QUESTIONS

Questions on GDP and inflation

Steve Stoddard presents a series of exam-style questions on topics covered in articles featured in this issue of Economic Review. Answers to these questions can be found online at EconomicReviewExtras

Table 1 UK CPI inflation and GDP growth rates, 2016–24

1 Using Table 1, calculate the mean average rate of GDP growth (%) in the UK from 2016 to 2024. Give your answer to one decimal place. (2 marks)

2 Explain how the data in Table 1 may show a positive relationship between GDP growth and inflation between 2016 and 2024. (4 marks)

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Previous

How development economics shapes a better world

Next

Question and answer: Government failure

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