ExpertEasy1 markMultiple Choice
AQA GCSE · Question 05 · How the economy works
Table 1 shows economic growth between 2017 and 2021.
Table 1
Economic growth % change in GDP 2017 1.3 2018 0.4 2019 -0.6 2020 2.1 2021 2.7
Using Table 1, the average annual rate of economic growth for this period to one decimal place is
Table 1 shows economic growth between 2017 and 2021.
Table 1
| Economic growth | % change in GDP |
|---|---|
| 2017 | 1.3 |
| 2018 | 0.4 |
| 2019 | -0.6 |
| 2020 | 2.1 |
| 2021 | 2.7 |
Using Table 1, the average annual rate of economic growth for this period to one decimal place is
Answer options:
A.
1.0
B.
1.2
C.
1.4
D.
1.6
How to approach this question
1. Sum all the percentage changes in GDP from the table, being careful to subtract the negative value. 2. Count the number of years (which is 5). 3. Divide the sum by the number of years to find the average. 4. Round your answer to one decimal place.
Full Answer
B.1.2✓ Correct
The calculation is as follows:
Sum of growth rates = 1.3 + 0.4 - 0.6 + 2.1 + 2.7 = 5.9
Number of years = 5 (2017, 2018, 2019, 2020, 2021)
Average annual rate = 5.9 / 5 = 1.18%
Rounding to one decimal place gives 1.2%.
Common mistakes
Forgetting to include the negative value for 2019, or adding it instead of subtracting. Another common error is incorrect rounding.
Practice the full AQA GCSE Economics Paper 2
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