May/June 2026 Paper 11

2026 · 30 questions · 30 parts · 30 marks

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17National IncomeMedium1 mark
Nominal GDP of a country at current market prices was $1000bn in year 1. In year 2, its nominal GDP had risen to $1050bn.
What happened to real GDP if the general price level had increased by 10% over the same period?