2 marksNational Income Accounting
CAPE Economics Unit 2 · 2006 · Paper 1 · Question 2(b)
State ONE limitation of GDP as a measure of economic well-being.
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Practise this questionOther parts of this question
- 2(a)(i)State the component of GDP (expenditure-based) affected when a family buys a new refrigerator.[1 mark]
- 2(a)(ii)State the component of GDP (expenditure-based) affected when Aunt Jane buys a new home.[1 mark]
- 2(a)(iii)State the components of GDP (expenditure-based) affected when your parents buy a bottle of French wine.[1 mark]
- 2(a)(iv)State the component of GDP (expenditure-based) affected when the city council repairs a main highway.[1 mark]
More practice: the rest of this paper · more National Income Accounting questions · all CAPE Economics Unit 2 past papers