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Edexcel Economics (A) A-level Theme 2: The UK Economy - Performance and Policies

This class was created by Brainscape user Keval Savani. Visit their profile to learn more about the creator.

By: Keval Savani
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Decks in this class (17)

2.1.1 Measures of Economic Performance
What does,
When judging an economy what crit...,
How is economic growth measured
10  cards
2.1.2 Inflation
What is the government macroecono...,
What are the adverse effects of i...,
What did inflation reach to in 1975
15  cards
2.1.3 Employment and Unemployment
What does unemployment represent,
How is employment and economic gr...,
What is the claimant count
20  cards
2.1.4 Balance of payments
What are the components of the ba...,
What current account does the uk ...,
The relationship between current ...
5  cards
2.2.1 The characteristics of Aggregate Demand
What is aggregate demand ad made ...,
Consumption,
Investment
9  cards
2.2.2 Consumption
What is the most important factor...,
What is the marginal propensity t...,
What is the average propensity to...
17  cards
2.2.3 Investment
What is gross investment,
What is net investment,
Uk depreciation accounts for abou...
11  cards
2.2.4 Government spending
The trade cycle on government exp...,
Fiscal policy on government expen...
2  cards
2.2.5 Net trade
Real income on the net trade bala...,
Exchange rates on net trade balances,
State of the world economy on net...
4  cards
2.3.1 The characteristics of Aggregate Supply
Why is the as curve upward sloping
1  cards
2.3.2 Short-run AS
Changes in costs of raw materials...,
Changes in exchange rates on sras,
Changes in tax rates 2
4  cards
2.3.3 Long-run AS
What does the keynesian view sugg...,
Technological advances,
Changes in relative productivity
6  cards
2.4.1 National income
How does the circular flow of inc...,
What is national output,
What is national expenditure
5  cards
2.4.2 Injections and withdrawals
What is an injection,
What are the main injections,
What is a withdrawal
7  cards
2.4.3 Equilibrium levels of real national output
How does investment affect both a...
1  cards
2.4.4 The multiplier
What is the multiplier process,
If the government spends 100m to ...,
Marginal propensity to consume mp...
9  cards
2.5.1 Causes of Growth
What needs to happen for economic...,
What are the four factors of prod...,
Land increasing economic growth a...
10  cards

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Edexcel Economics (A) A-level Theme 2: The UK Economy - Performance and Policies

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