A LEVEL Economics Study guides, Class notes & Summaries

AQA A-level ECONOMICS 7136/3 Paper 3 Economic Principles and Issues Mark scheme June 2023 Version: 1.0 Final

Edexcel A-level Economics Theme 4 Test with Latest Questions & Expert Answers Globalisation ANSWER Increased interdependence between countries and the rapid rate of change it brings about Factors contributing to globalisation (5) ANSWER Improvements in infrastructure (Quicker, more reliable and cheaper methods enabling production) Improvements in IT and communication (Allows global operations) Trade Liberalisation (Reduces protectionism and makes trade cheaper - specialisation) In...

Edexcel A Level Economics Exam Paper 2 with Standard Questions and Verified Solutions Actual economic growth ANSWER an increase in real GDP Potential economic growth ANSWER An increase in the productive capacity of the economy economic growth ANSWER an increase in the rate of change of output (measured as a % of real GDP) GDP ANSWER the total value of goods and services produced in an economy in one year Real GDP ANSWER taking the effects of inflation into account GNI ANSWER th...

Edexcel A-level Economics Preparation Guide for Upcoming Exams Macroeconomic objectives of government ANSWER - Economic growth - Low inflation (2%) - Full employment, low unemployment - Balance of payments - Fair distribution of income Non-core government objectives ANSWER - Environmental sustainability - Productivity growth ... Circular flow of income diagram ANSWER Leakages in the circular flow ANSWER Leaked from factor incomes that firms give to households. - S: savings -...

Edexcel A-level Economics Mock Blueprint with Q & A (Score 98%) Macroeconomics ANSWER The study of the economy as a whole, including inflation, growth and unemployment. Aggregate demand ANSWER The total of all demands or expenditures in the economy at any given price. Aggregate demand curve ANSWER Shows the relationship between the price level and equilibrium national income. As the price level rises the equilibrium level of national income falls. Animal spirits ANSWER Business confi...

Edexcel A-Level Economics (New 2024/2025 Update) Complete with Questions & Verified Answers Absolute advantage ANSWER When a country's output of a product per unit of input is greater than that of any other country. Absolute poverty ANSWER When a person does not have the income or wealth to fulfil their basic needs. Aggregate Demand (AD) ANSWER The total demand/spending in an economy at a given price level over a given period of time. Made up of consumption, investment, government spe...

OCR A Level Economics paper 2 Mark--scheme June 202-3