Edexcel economics theme 2 - Study guides, Class notes & Summaries

Edexcel Economics Theme 2 Exam 2024/2025 Questions & Correct Answers.

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 ...

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...

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+

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...

Edexcel A-level Economics Theme 3 Quiz Study Guide 2024 100% Pass

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 with 100% correct answers

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 quant...