Edexcel economics theme 2 - Study guides, Class notes & Summaries
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Edexcel Economics Theme 2 Exam 2024/2025 Questions & Correct Answers.
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Edexcel Economics Theme 2 Exam 2024/2025 Questions & Correct Answers.
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Edexcel A-level Economics Theme 3 Quiz Study Guide 2024 100% Pass
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Edexcel A-level Economics Theme 3 Quiz Study Guide 2024 100% Pass
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Edexcel Economics Theme 2 Review Questions and Answers
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GDP Gross domestic product measures the value of goods and services produced in 
an economy, it also measures national income/national expenditure 
Nominal GDP Measures the monetary value of GDP (this may include the effects of 
inflation) 
Real GDP Measures GDP adjusted for the effects of inflation, it measures the actual 
purchasing power of consumers in an economy 
GDP per capita Is the level of GDP divided by population 
The volume of goods and services Is the quantity produced 
The value...
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Edexcel Alevel Economics Theme 2 Study Guide Questions and Correct Answers
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Edexcel A-level Economics Theme 2 Study Guide Questions and Correct Answers 
Macroeconomics 
Aggregate demand 
Aggregate demand curve 
Animal spirits 
Gross investment 
Investment 
Retained profit 
Net exports or the net trade balance 
Aggregate supply curve 
Full capacity 
Short-run aggregate supply curve 
Supply-side shocks 
Circular flow of income 
Closed economy 
Income 
Injections 
National income 
Open economy 
Wealth 
Withdrawals or leakages 
Marginal propensity to import (MPM) 
Marginal ...
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Edexcel A-level Economics Theme 2.2-2.4 Questions & Correct Answers/ Graded A+
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Aggregate demand 
: The total of all demands or expenditures in the economy at any given price. 
Aggregate demand curve 
: 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 
: Business confidence: the mood of managers and owners of firms about the future of their 
industry and the wider economy. 
Investment 
: The addition to the capital stock of the economy. 
Retained profit...
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Edexcel A-level Economics Theme 2.2-2.4 Questions & Answers 100% Correct!
- Exam (elaborations) • 3 pages • 2024
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Aggregate demand - AnswersThe total of all demands or expenditures in the economy at any given price. 
 
Aggregate demand curve - AnswersShows the relationship between the price level and equilibrium national income. As the price level rises the equilibrium level of national income falls. 
 
Animal spirits - AnswersBusiness confidence: the mood of managers and owners of firms about the future of their industry and the wider economy. 
 
Investment - AnswersThe addition to the capital stock of the...
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Edexcel A-level Economics Theme 2.2-2.4 Questions & Correct Answers/ Graded A+
- Exam (elaborations) • 7 pages • 2024
- Available in package deal
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- $10.49
- + learn more
Aggregate demand 
: The total of all demands or expenditures in the economy at any given price. 
Aggregate demand curve 
: 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 
: Business confidence: the mood of managers and owners of firms about the future of their 
industry and the wider economy. 
Investment 
: The addition to the capital stock of the economy. 
Retained profit...
-
Edexcel Economics Theme 2 Exam Verified Questions and Answers Rated A+
- Exam (elaborations) • 13 pages • 2023
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Edexcel Economics Theme 2 Exam 
Verified Questions and Answers 
Rated A+
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Edexcel A-level Economics Theme 2.2-2.4 Exam 2024/2025 Questions With Completed Answers.
- Exam (elaborations) • 3 pages • 2024
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Edexcel A-level Economics Theme 2.2-2.4 Exam 2024/2025 Questions With Completed Answers.
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Edexcel A-level Economics Theme 2.2-2.4 Questions & Answers(RATED A)
- Exam (elaborations) • 3 pages • 2024
- Available in package deal
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- $10.49
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Aggregate demand - AnswersThe total of all demands or expenditures in the economy at any given price. 
 
Aggregate demand curve - AnswersShows the relationship between the price level and equilibrium national income. As the price level rises the equilibrium level of national income falls. 
 
Animal spirits - AnswersBusiness confidence: the mood of managers and owners of firms about the future of their industry and the wider economy. 
 
Investment - AnswersThe addition to the capital stock of the...
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