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IB Economics HL 3.1.5 Gdp Gni and Well Being Questions

Practise IB Economics HL 3.1.5 by evaluating GDP and GNI alongside broader measures of well-being, using marked exam evidence.

Syllabus
First assessment 2022
Course
Economics HL
Level
HL

Exam points

  • Evaluate GDP and GNI alongside broader measures of well-being.
  • Explain two reasons why higher real GDP per capita may not improve living standards.
  • Use indicator data to explain a positive and a negative effect of higher real GNI on living standards.
  • Evaluate comparisons over time and between countries, accounting for prices and measurement limits.
  • Define green GDP as GDP adjusted for the environmental effects of production.

IB Economics HL 3.1.5 Gdp Gni and Well Being Questions question 1

[Maximum number: 4]

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

Table 2

Table 2

Explain two reasons why an increase in real GDP per capita may not lead to an improvement in living standards.

Table 3 provides information relating to the labour market in the country of Buranda.

Table 3

Table 3

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