2019 CFA level 1reading 16 aggregate output, prices, and economic growth questions and answers

01234567ÿ9 ÿ6ÿ ÿÿÿÿÿÿÿ!!"ÿÿÿÿ# $%&'ÿÿ(ÿ) *%+ÿÿ(ÿ) ,%ÿÿ(ÿ) 01234567ÿ9-ÿ6ÿ .ÿ+/'ÿ+++ÿ'001ÿ2'3ÿ# en t re in $%2ÿ42'ÿ0'ÿ02ÿÿ251) *%021ÿ2ÿ42'ÿ0'ÿ02ÿÿ67) ,%2ÿ42'ÿÿ0'ÿ02ÿ2ÿ31) ok c 01234567ÿ98ÿ6ÿ 70ÿ=ÿ(0 *% 70ÿ>ÿ(0 w w $% ,% m ÿ03 3( 03ÿ3+ÿ=ÿ03 3( 03ÿ3+ÿ=ÿ03 3( w o ;70ÿ3ÿ (0 bo ÿÿ+3(ÿÿ'+ÿÿ4'+ÿ62"ÿ92ÿÿÿ9+ÿ0ÿÿÿ51ÿÿ22'ÿ ÿ2(1ÿÿÿ(ÿ(: 70ÿ=ÿ(0 01234567ÿ9 ÿ6ÿ 9ÿÿÿ2ÿ0'231ÿÿ4ÿ24ÿÿ3ÿ41ÿ+9ÿ# $%2+1) *%4) ,%20) 01234567ÿ9 ÿ6ÿ ÿÿÿÿÿÿÿÿÿ ÿÿÿÿ!"ÿÿ#ÿ  ÿ !$ %&ÿ'ÿÿÿ ÿÿ(ÿÿ) *&+'ÿÿ !ÿÿ',ÿ-ÿÿÿÿÿ!) &ÿÿÿÿÿ #ÿ  ÿÿ!) 01234567ÿ9/ÿ6ÿ 0ÿ12ÿ!ÿÿ$ 01234567ÿ93ÿ6ÿ 2 4ÿ5ÿÿÿ!ÿ5$ w w o m bo %&6,ÿÿÿÿ4) *&7ÿÿÿÿ4) &7ÿÿÿ,ÿ4) ok c en t re in %&ÿÿ',ÿ!ÿÿ! ) *&!ÿÿ',ÿÿÿÿÿ!) &!ÿÿ',ÿÿÿÿÿ) w 01234567ÿ98ÿ6ÿ 9ÿ5ÿÿ5, ÿÿ'ÿ'ÿÿ:ÿÿ"ÿ!"ÿÿÿ+ÿ ,ÿÿ5ÿÿÿÿÿÿ!"ÿÿ5ÿÿ;  1 1 &> > > 01234567ÿ9?ÿ6ÿ 28 ÿÿÿ !"5#"ÿ$%ÿ" ÿ%$&&$'567ÿ%3#$(2ÿ52ÿ)$2ÿ&5* &+ÿ$ÿ56#( 32 ÿ377( 73 ÿ )36 , 01-6#( 32567ÿ( 3&ÿ56 ( 2ÿ(3 28 91.6ÿ  # ... 1.6ÿ56#(32ÿ56ÿ(3&ÿ'3&"8 re in ÿÿÿ ok c bo w o ÿ9ÿÿ m 018/3&ÿ$ÿ58 9165 32 ÿ/'3( 8 165 32 ÿ $'6'3( 8 en t 0$)3( ÿ$ÿ123ÿ#3&#/&3 ÿ/2567ÿ"ÿ2/)4$%443&/43 ÿ)"$ 5ÿ123ÿ/2567ÿ"ÿ43&/