Exam (elaborations)
ECON 123 A-Level Economics Question Bank - Theme 2 - Edexcel A. Download To Score An A
- Course
- Institution
ECON 123 A-Level Economics Question Bank - Theme 2 - Edexcel A. Download To Score An A
[Show more]
Seller
Follow
ProfGoodlucK
Reviews received
Content preview
2020 EditionEXCESS LEARNING
LEARNING
exam success at your fingertips
A-LEVEL ECONOMICS
QUESTIONSEdexcel A
, This workbook includes questions from past exam
papers. It covers Theme 2, The UK Economy, and is
arranged according to topic and in order of
appearance in the specification.
A detailed table of contents has been provided to you.
You should attempt each question 2-3x. Repetition is
key to success.
Focus on questions that cover topics you’re weakest
in first. Once you become more confident with these,
move on to attempt the rest of the workbook.
Key Questions to Note:
• Questions marked with an asterisk (*) are examined
regularly and have appear in exams each year.
• Questions marked with two asterisks (**) indicate
questions tested rigourously, sometimes multple
times within the same paper.
• Solutions to these questions can be found within the
community section on the website:
www.excesslearning.com
1
, CONTENTS
Theme 2:
The UK Economy - Performance and Policies
2.1 Measures of economic performance
a. Growth (GDP, GNI, GNP, PPP) 4
b. Inflation * 10
c. Unemployment 21
d. Balance of Payments 27
2.2 Aggregate demand (AD) ** 32
2.3 Aggregate supply (AS) ** 32
2.4. National Income
a. Circular flow of income 41
b. The multiplier 43
2.5. Economic Growth
a. Output gaps 47
b. Trade (business) cycles 47
2
, 2.6. Macroeconomic Objectives and Policies **
a. Demand policies
• Monetary policy - interest rates, quantitative easing, 49
money supply
• Fiscal policy 51
b. Supply policies 52
• Market policies
• Interventionist policies
c. Policy objectives, conflicts and trade-offs 54
3
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 ProfGoodlucK. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79064 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now