DP Economics

Question 23M.2.SL.TZ0.1ai

Date	May 2023	Marks available	[Maximum mark: 2]	Reference code	23M.2.SL.TZ0.1ai
Level	SL	Paper	2	Time zone	TZ0
Command term	Define	Question number	i	Adapted from	N/A

[Maximum mark: 2]

23M.2.SL.TZ0.1ai

(i)

Define the term gross domestic product (GDP) indicated in bold in the text (Text A, paragraph 2).

[2]

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Definitions of GDP that were awarded 1 mark often failed to identify the concept of value or simply repeated the formula for GDP using the expenditure method (GDP = C + I + G + (X - M)) without providing a comprehensive definition.

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First exams 2022

First exams 2022 » Unit 3: Macroeconomics » 3.1 Measuring economic activity and illustrating its variations » 3.1.3 Nominal] Gross domestic product (GDP) as a measure of national output

First exams 2022 » Unit 3: Macroeconomics » 3.1 Measuring economic activity and illustrating its variations

First exams 2022 » Unit 3: Macroeconomics

Question 23M.2.SL.TZ0.1ai

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