Question 21M.3.HL.TZ0.2a
| Date | May 2021 | Marks available | [Maximum mark: 2] | Reference code | 21M.3.HL.TZ0.2a |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Calculate | Question number | a | Adapted from | N/A |
Table 2 provides information relating to the country of Averna in 2019.
Table 2
Calculate Averna’s nominal gross domestic product (GDP) in 2019.
[2]
GDP = 2350 + 1380 + 1624 + (462 − 476)
Any valid working is sufficient for [1].
= $5340 million or $5.34 billion
An answer of $5340 million, $5.34 billion (or 5340 or 5.34) without any valid working is sufficient for [1].
If a candidate makes a small error in transcribing the figures e.g. 1642 instead of 1624, then they can still receive [1] for valid working.
Calculating GDP at factor cost (plus subsidies less indirect taxes) may be fully rewarded:
GDP at factor cost = 2350 + 1380 + 1624 + (462 − 476) + 681 − 759
= $5262 million or $5.26 billion
For full marks to be awarded the response must provide valid working and include correct units.
There were relatively few accurate responses to this question. The majority of candidates included "Government expenditure on unemployment benefits" which should have been excluded as the item represents a transfer payment. It was also common to see every item included in the calculation.
