DP Economics

Question 21M.3.HL.TZ0.b.i

Date	May 2021	Marks available	[Maximum mark: 2]	Reference code	21M.3.HL.TZ0.b.i
Level	HL	Paper	3	Time zone	TZ0
Command term	Define	Question number	b.i	Adapted from	N/A

b.i.

[Maximum mark: 2]

21M.3.HL.TZ0.b.i

Table 2 provides information relating to the country of Averna in 2019.

Table 2

In 2019, the population of Averna is 213 600, while the GDP deflator is 125.

Define the term price deflator.

[2]

Markscheme

Examiners report

Most students were able to describe the price deflator or provide the formula. Lower-achieving responses tended to refer to "adjusting a price for inflation", demonstrating a weak grasp of the term.

Syllabus sections

First exams 2022

Last exams 2021

Last exams 2021 » Section 2: Macroeconomics

First exams 2022 » Unit 3: Macroeconomics » 3.1 Measuring economic activity and illustrating its variations » 3.1.5 Real GDP and real GNI

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

First exams 2022 » Unit 3: Macroeconomics

Last exams 2021 » Section 2: Macroeconomics » 2.1 The level of overall economic activity » Economic activity » Measures of economic activity: gross domestic product (GDP), and gross national product (GNP) or gross national income (GNI)

Last exams 2021 » Section 2: Macroeconomics » 2.1 The level of overall economic activity » Economic activity

Last exams 2021 » Section 2: Macroeconomics » 2.1 The level of overall economic activity

Question 21M.3.HL.TZ0.b.i

Select a Test

Syllabus sections

Confirm action