Economics Readings Site By Colin Ong

This blog has been created to provide an area for economics students to read about how economics impacts daily life. It is especially useful for students to understand the application of macroeconomics as communicated through the media and governmental websites.

This online resource has been set up for educational purposes.All rights are reserved by the various websites.

For further clarification, please email colin@mrmc.com.sg

MCQ 17

clipped from www.tutor2u.net

The chart shows real GDP and real GDP per head from 1981 - 2001
liv_standard1.gif
From the data in the chart, we can deduce that

  1. Real GDP per head has increased each year since 1988
  2. Unemployment was lower in 2001 than in 1990
  3. Productivity in the UK economy has improved each year since 1992
  4. GDP has grown more quickly than GDP per head over the last twenty years
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