DP Economics
Question 20N.3.HL.TZ0.2d.i
| Date | November 2020 | Marks available | [Maximum mark: 1] | Reference code | 20N.3.HL.TZ0.2d.i |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Identify | Question number | d.i | Adapted from | N/A |
d.i.
[Maximum mark: 1]
20N.3.HL.TZ0.2d.i
Table 2 provides selected economic data for Country A.
(d.i)
In 2019, nominal GDP was $102 874.55 million. Using data from Table 2, identify whether Country A experienced inflation or deflation or disinflation in 2019.
[1]
Markscheme
deflation OR inflation is sufficient for [1].
NB There has been deflation since the base year. In 2019, however, the presence of deflation can only be confirmed if the percentage change in nominal GDP is below 0.72 %.
Examiners report
Both inflation and deflation were allowed here as the data did not preclude either result. However, the data did not indicate disinflation. The great majority of candidates earned the mark.
