Edexcel A-Level Economics Quantitative Skills Overview

The table shows the nominal GDP and GDP per capita of Angola in 2019 and 2020.

(Source: https://data.worldbank.org/country/angola)
Based on this information, calculate the change in Angola's population between 2019 and 2020. Show your workings.

The chart shows the ILO unemployment rate for the UK between November 2023 and October 2024.

Which one of the following is the percentage point change in the UK unemployment rate between November 2023 and October 2024?

Sources for use with Section C
The German economy

Figure 1 Index of business confidence (January 2015=100), seasonally adjusted, January 2020 to December 2021

Figure 2 Inflation rate*, as measured by the consumer price index (CPI), January 2020 to November 2021

Extract A Economic outlook

In 2021 production in Germany’s large manufacturing sector suffered from delays and shortages of materials caused by supply chain constraints. Its larger services sector, including retail, tourism and hospitality, was also negatively affected by the global health crisis. These factors led to a decline in business confidence in both the manufacturing and services sectors from June 2021 onwards.

Consequently, the country’s central bank, the Bundesbank, estimated that Germany’s real output was likely to fall in the last quarter of 2021. Many economists predicted that the German economy could enter a recession in 2022. However, industrial production, especially vehicle manufacturing, had started to increase in the third quarter of 2021. Therefore, it was likely that net exports would increase in the first six months of 2022.

According to the Bundesbank, households had built up extra savings worth 10% of their disposable income during the global health crisis. The Bundesbank predicted that “this will strongly boost consumption” once consumer confidence increased.

The Bundesbank also warned of inflation risks. It raised its forecast for Germany’s annual rate of inflation to 3.6% for 2022. This is above the European Central Bank’s (ECB) inflation-target rate of 2% for the eurozone area. The Bundesbank has therefore indicated that the ECB will need to increase the base rate of interest to control the rising rate of inflation in the eurozone.

There was evidence that the supply chain constraints caused an increase in inflationary pressures. In November 2021, Germany’s producer (wholesale) price index increased by 19.2% from the previous year. This was primarily as a result of rising prices for energy, metal and wood. The Bundesbank predicted that the supply chain constraints would not be resolved until the end of 2022.

Define the term 'seasonally adjusted' (Figure 1).

The table shows Peru’s GDP between 2021 and 2023.

Which one of the following represents the index number for 2021 if 2022 is the base year?