Automatic stabilisers - Study guides, Revision notes & Summaries

Ad valorem tax - -Indirect tax where a given percentage is added to price of a good or service -Administrative barriers - -Administrative requirements that prevent or reduce amount of imports -Aggregate demand - -Total amount of spending of spending in the economy, made up of household consumption, firm investments, government expenditure and net export spending -Aggregate supply - -Total amount of domestic goods and services supplied by business and the government, including both consu...

Edexcel A-Level Economics Terms in this set (1993) Absolute advantage When a country's output of a product per unit of input is greater than that of any other country. Absolute poverty When a person does not have the income or wealth to fulfil their basic needs. Aggregate Demand (AD) The total demand/spending in an economy at a given price level over a given period of time. Made up of consumption, investment, government spending and net external demand. Aggregate Supply (AS) The total...

Edexcel A-Level Economics Complete Questions And 100% Verified Answers Absolute advantage When a country's output of a product per unit of input is greater than that of any other country. Absolute poverty When a person does not have the income or wealth to fulfil their basic needs. Aggregate Demand (AD) The total demand/spending in an economy at a given price level over a given period of time. Made up of consumption, investment, government spending and net external demand. Aggregate Su...

Separate each keyword with a comma or enter Separate each keyword with a comma or by hitting enter. E.g. marketing, business Edexcel A-Level Economics A: Definitions Absolute advantage - AnswerWhen a country's output of a product per unit of input is greater than that of any other country. Absolute poverty - AnswerWhen a person does not have the income or wealth to fulfil their basic needs. Aggregate Demand (AD) - AnswerThe total demand/spending in an economy at a given price level over a giv...

This document outlines a key topic in Unit 4 - government finances: -The role of discretionary fiscal policy + 'automatic stabilisers' -Factors influencing fiscal deficits -Factors influencing national debt -Disadvantages of high levels of spending by government. All in a user-friendly format.

Edexcel Economics summary 4.5 Role of the state in the macroeconomy A/A* summarised specification points can be used for multiple choice question,4,5,8,10,12,15 and 25 markers