DP Economics
Question 20N.3.HL.TZ0.d.iii
| Date | November 2020 | Marks available | [Maximum mark: 2] | Reference code | 20N.3.HL.TZ0.d.iii |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Calculate | Question number | d.iii | Adapted from | N/A |
d.iii.
[Maximum mark: 2]
20N.3.HL.TZ0.d.iii
Table 2 provides selected economic data for Country A.
An economist forecasts that the real GDP growth rate in 2020 will be 3.41 %. Using the data in Table 2, calculate the forecast for real GDP ($ million) in 2020.
[2]
Markscheme
103 785.98 × 1.0341
Any valid working is sufficient for [1].
= $ 107 325.08 million OR $107.33 billion
An answer of 107 325.08 without workings is sufficient for [1].
NB Since ($ million) is in the question, units are not required.
Examiners report
Apart from some carelessness in the use of units ($ million) and rounding to 2dp, the question was answered well.
