AQA AS ECONOMICS 7135 2 PAPER 2
CERTIFICATION EVALUATION EXAMS 2026
QUESTIONS WITH SOLUTIONS GUARANTEED
PASS
◉ What is meant by money being a mean of deferred payment.
Answer: Allows it to be widely accepted way to value a debt allowing
you to acquire goods now and pay in the future
◉ What is meant by money being a store of value. Answer: Referring
to an asset that it's value can be retrieved at a later date as money
allows purchasing power to be transferred from the present to the
future
◉ What is meant by money being a unit of account. Answer: Allows
money to give thing a value that can be expressed in an
understandable way e.g. a bar of chocolate is £3
◉ What are the criteria of money. Answer: Durable
Portable
Must be divisible
Accepted by everyone
Limited in quantity
, Complex enough to prevent counterfeit
◉ What is economic growth. Answer: Growth in GDP over time
◉ What is GDP. Answer: The total market value of goods and
services produced in an economy in a year
◉ How is the rate of economic growth calculated?. Answer: Rate of
Economic growth = (change in GDP between year 1 and year 2 /GDP
in year 1) x 100
◉ How do you calculate GDP per capita. Answer: GDP divided by
population
◉ What does GDP per capita measure?. Answer: The average income
of each person in the country and helps to compare living standards
between countries
◉ What is real GDP. Answer: GDP adjusted for inflation
◉ What are causes of economic growth. Answer: Investment in
capital goods
Technological development
Education and training
CERTIFICATION EVALUATION EXAMS 2026
QUESTIONS WITH SOLUTIONS GUARANTEED
PASS
◉ What is meant by money being a mean of deferred payment.
Answer: Allows it to be widely accepted way to value a debt allowing
you to acquire goods now and pay in the future
◉ What is meant by money being a store of value. Answer: Referring
to an asset that it's value can be retrieved at a later date as money
allows purchasing power to be transferred from the present to the
future
◉ What is meant by money being a unit of account. Answer: Allows
money to give thing a value that can be expressed in an
understandable way e.g. a bar of chocolate is £3
◉ What are the criteria of money. Answer: Durable
Portable
Must be divisible
Accepted by everyone
Limited in quantity
, Complex enough to prevent counterfeit
◉ What is economic growth. Answer: Growth in GDP over time
◉ What is GDP. Answer: The total market value of goods and
services produced in an economy in a year
◉ How is the rate of economic growth calculated?. Answer: Rate of
Economic growth = (change in GDP between year 1 and year 2 /GDP
in year 1) x 100
◉ How do you calculate GDP per capita. Answer: GDP divided by
population
◉ What does GDP per capita measure?. Answer: The average income
of each person in the country and helps to compare living standards
between countries
◉ What is real GDP. Answer: GDP adjusted for inflation
◉ What are causes of economic growth. Answer: Investment in
capital goods
Technological development
Education and training
