EDEXCEL · A-LEVEL · ECONOMICS
Paper 2 Study Guide
Complete Verified Q&A · 118 Terms
BOARD LEVEL S TAT U S TERMS
Edexcel A-Level Verified 118
Comprehensive study guide for Edexcel A-Level Economics Paper 2.
All 118 verified questions and answers included.
, 📋 Exam Questions & Verified Answers
118 Verified Terms Edexcel A-Level Economics · Paper 2
Macroeconomics Aggregate demand
The study of the economy as a whole, The total of all demands or
including inflation, growth and expenditures in the economy at any
unemployment. given price.
Aggregate demand curve Animal spirits
Shows the relationship between the Business confidence: the mood of
price level and equilibrium national managers and owners of firms about
income. As the price level rises the the future of their industry and the
equilibrium level of national income wider economy.
falls.
Gross investment Investment
The addition to capital stock, both to The addition to the capital stock of the
replace the existing capital stock which economy.
has been used up (depreciation) and
the creation of additional capital.
Retained profit Net exports or the net trade balance
Profit kept back by a firm for its own Exports minus imports.
use which is not distributed to
shareholders or used to pay taxation.
Paper 2 Study Guide
Complete Verified Q&A · 118 Terms
BOARD LEVEL S TAT U S TERMS
Edexcel A-Level Verified 118
Comprehensive study guide for Edexcel A-Level Economics Paper 2.
All 118 verified questions and answers included.
, 📋 Exam Questions & Verified Answers
118 Verified Terms Edexcel A-Level Economics · Paper 2
Macroeconomics Aggregate demand
The study of the economy as a whole, The total of all demands or
including inflation, growth and expenditures in the economy at any
unemployment. given price.
Aggregate demand curve Animal spirits
Shows the relationship between the Business confidence: the mood of
price level and equilibrium national managers and owners of firms about
income. As the price level rises the the future of their industry and the
equilibrium level of national income wider economy.
falls.
Gross investment Investment
The addition to capital stock, both to The addition to the capital stock of the
replace the existing capital stock which economy.
has been used up (depreciation) and
the creation of additional capital.
Retained profit Net exports or the net trade balance
Profit kept back by a firm for its own Exports minus imports.
use which is not distributed to
shareholders or used to pay taxation.
