100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Unit 2 A* PowerPoint Revision Notes £8.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. PEARSON (PEARSON)
  4.  
  5. Economics A
  6.  
  7. Unit 2 - The UK economy - performance and policies

Presentation

Unit 2 A* PowerPoint Revision Notes

 16 views  0 purchase

The PowerPoint was made by an A* student as revision notes. It follows closely to the exam specification and was their main source of knowledge for achieving high grades in their A-Level Edexcel Economics exam.

Preview 4 out of 104  pages

Document information

  • June 15, 2023
  • 104
  • 2022/2023
  • Presentation
  • Unknown

Subjects

Written for

All documents for this subject (139)

Seller

avatar-seller
samuelobennett

Reviews received

Content preview

Theme 2
Macroeconomics

,2.1 Measures of Economic
Performance
• 2.1.1 Economic Growth
• 2.1.2 Inflation
• 2.1.3 Employment and Unemployment
• 2.1.4 Balance of Payments

,2.1.1 (a) Rates of Change of Real
GDP as a Measure of Economic
Growth
• Economic growth is the rate of change of output.
• Economic growth is an increase in the long-term productive potenti
of the economy
• Economic growth is therefore measured by the percentage change
GDP per year
• Gross Domestic Product is the standard measure of output, it is the
total value of goods and services produced in an economy in a year

, 2.1.1 (b) Distinctions between: Real and Nomin
Total and Per Capita, and Value and Volume
Real v Nominal Total v Per Capita Value v Volume
• Real GDP strips out • Total GDP represents • Value references the
the effects of the overall GDP for a added value in an
inflation whereas country whereas GDP economy, it is the
nominal GDP does per capita is the total total output minus
not GDP divided by the immediate
number of people in consumption
a country • Volume references t
quantity of goods an
services produced

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller samuelobennett. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £8.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£8.99
  • (0)
  Add to cart