Edexcel A Level Economics • Edexcel A Level Economics

Edexcel A-Level Economics Absolute advantage - Answer-when country's output of a product per unit of input is greater than that of any other country Absolute poverty - Answer-when person does not have income or wealth to fulfil their basic needs Aggregate Demand (AD) - Answer-total demand/spending in an economy at a given price level over a given period of time - [C + G + I + (X-M)] Aggregate Supply (AS) - Answer-total amount of goods/services that can be supplied in an economy at a...

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...

Covers Unit 3 and Unit 4 ONLY Notes I used for my exam to achieve an A* grade along with my graph sheets and essay plans A2 Level

These helped me reach an A* grade Bear in mind that these are just student notes based on my classes and teacher's work/lectures. These ONLY cover Unit 3 and Unit 4. 50+ graphs includes