Unit 3: Macroeconomics
Topic 3.1: Measuring Economic Activity and Illustrating Its Variations Questions
Practice 20 exam-style questions for IB Economics Topic 3.1. Review the question stems below, then unlock the full Question Bank to access markschemes, model answers, and AI grading.
1Determine1 mark
2026
Determine whether the country's real GDP per capita rose or fell between 2024 and 2025.
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Unlock Question2Describe4 marks
Describe the four phases of the business cycle.
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Unlock Question3Calculate1 mark
2026
Calculate the percentage increase in real GDP per capita.
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2026
Calculate the country's net income from abroad.
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2026
Determine whether this country experienced a recession in 2026.
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During the expansion phase of the business cycle, which of the following is most likely?
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Unlock Question8Calculate1 mark
2026
Calculate the approximate rate of real economic growth.
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Unlock Question9Define2 marks
2026
A text reports that Oredon’s gross domestic product (GDP) grew by 4 % last year.
Define the term gross domestic product (GDP).
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2026
Define the term gross domestic product (GDP).
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Unlock Question11Identify1 mark
2026
Table 1 shows the real GDP growth rate of Arvania.
Using Table 1, identify the year in which the economy was in recession.
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2026
Table 1 shows Tessaly's real GDP growth rate.
Using Table 1, identify whether real GDP increased, decreased or stayed constant between 2023 and 2024.
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2026
A text notes that Halden’s gross national income (GNI) is smaller than its GDP.
Define the term gross national income (GNI).
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Real GDP differs from nominal GDP because real GDP:
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Unlock Question16Distinguish4 marks
Distinguish between nominal GDP and real GDP.
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Unlock Question17Explain4 marks
Explain the expenditure components of GDP.
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Unlock Question19Define2 marks
2026
Define the term gross national income (GNI).
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