Unit 3.1 · Measuring Economic Activity and Illustrating Its Variations

Calculation: Real GDP and GNI

AO2AO4

Syllabus Requirement

Students should calculate real GDP and GNI using nominal figures and a price deflator (e.g., GDP deflator index).

Assessment Objectives
AO2Application and Analysis
AO4Use of Appropriate Skills

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All topics in Unit 3.1