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Understanding economic data: The public finances

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Brexit and globalisation

EXAM-STYLE QUESTIONS

Questions on economic data for selected countries

David Horner 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 Economic data for selected countries for 2023 (or latest year available)

1 Using only data from Table 1, calculate an estimate for the value of China’s gross national income (GNI) to the nearest $ billion. (2 marks)

2 Using evidence from Table 1, to what extent do the data show that increased GNI per capita leads to increases in economic development? (4 marks)

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Previous

Understanding economic data: The public finances

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Brexit and globalisation

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