5/4/25, 10:04 AM AQA -AS Macro Economics COMPREHENSIVE QUESTIONS AND VERIFIED ANSWERS (DETAILED & ELABORATED) ACTUAL …
AQA -AS Macro Economics COMPREHENSIVE
QUESTIONS AND VERIFIED ANSWERS (DETAILED
& ELABORATED) ACTUAL EXAM 2025 TEST 100%
SOLVED 2025!!
Save
Terms in this set (78)
The rate of increase in the general price level over a
Inflation
given period of time. In the UK the target is 2% CPI.
This occurs when, over time, an economy expands its
Economic Growth capacity to produce goods and services. In the UK
trend rate of growth is 2.5% in GDP every year.
Gross Domestic Product The value of al goods and services produced within
(GDP) an economy over a given period of time
A decline in the level of economic activity (as
Recession measured by a fall in GDP) that occurs over a six
month period or longer
Real GDP GDP data adjusted to remove the effects of inflation
The percentage of the labour force, willing and able
Unemployment Rate
to work, seeking work but unable to get a job.
This records transactions between UK residents and
Balance of Payments
the rest of the world
Current Account of the This records transactions in good and services
Balance of Payments between UK residents and the rest of the world
https://quizlet.com/1039314616/aqa-as-macro-economics-comprehensive-questions-and-verified-answers-detailed-elaborated-actual-exam-2025-test-… 1/7
, 5/4/25, 10:04 AM AQA -AS Macro Economics COMPREHENSIVE QUESTIONS AND VERIFIED ANSWERS (DETAILED & ELABORATED) ACTUAL …
This measures how a nations total income is spread
Distribution of income
between that country's inhabitants
This refers to people who are not in employment and
Economic Inactivity who are not actively looking for work, eg stay at
home parents
The average income per person in a country after
Real GDP per capita
allowing for the effects of inflation
This measures the value of all goods and services that
Nominal GDP are produced in an economy over a given period of
time, using their price at the time of production.
A means of measuring changes in data over time by
Index number relating changes to a base year that is given the value
of 100
The monetary value of the total output of an economy
National income
over a specific period of time
A model that shows how money flows within a
Circular flow of income simplified economy, with households and firms as key
components
Factors that lead to income not being passed on
Withdrawals (leakages) within the circular flow - these comprise savings,
taxation and imports
Additions to the circular flow of income from outside
Injections it - these comprise investment, government spending
and exports
The total planned demand for an economy's goods
Aggregate Demand and services at a given price level over a specific time
period
Planned spending by firms that adds to an economy's
Investment capital stock (property, machinery, vehicles and other
items used in production)
Expenditure by central and local governments on
Government spending
goods and services
https://quizlet.com/1039314616/aqa-as-macro-economics-comprehensive-questions-and-verified-answers-detailed-elaborated-actual-exam-2025-test-… 2/7
AQA -AS Macro Economics COMPREHENSIVE
QUESTIONS AND VERIFIED ANSWERS (DETAILED
& ELABORATED) ACTUAL EXAM 2025 TEST 100%
SOLVED 2025!!
Save
Terms in this set (78)
The rate of increase in the general price level over a
Inflation
given period of time. In the UK the target is 2% CPI.
This occurs when, over time, an economy expands its
Economic Growth capacity to produce goods and services. In the UK
trend rate of growth is 2.5% in GDP every year.
Gross Domestic Product The value of al goods and services produced within
(GDP) an economy over a given period of time
A decline in the level of economic activity (as
Recession measured by a fall in GDP) that occurs over a six
month period or longer
Real GDP GDP data adjusted to remove the effects of inflation
The percentage of the labour force, willing and able
Unemployment Rate
to work, seeking work but unable to get a job.
This records transactions between UK residents and
Balance of Payments
the rest of the world
Current Account of the This records transactions in good and services
Balance of Payments between UK residents and the rest of the world
https://quizlet.com/1039314616/aqa-as-macro-economics-comprehensive-questions-and-verified-answers-detailed-elaborated-actual-exam-2025-test-… 1/7
, 5/4/25, 10:04 AM AQA -AS Macro Economics COMPREHENSIVE QUESTIONS AND VERIFIED ANSWERS (DETAILED & ELABORATED) ACTUAL …
This measures how a nations total income is spread
Distribution of income
between that country's inhabitants
This refers to people who are not in employment and
Economic Inactivity who are not actively looking for work, eg stay at
home parents
The average income per person in a country after
Real GDP per capita
allowing for the effects of inflation
This measures the value of all goods and services that
Nominal GDP are produced in an economy over a given period of
time, using their price at the time of production.
A means of measuring changes in data over time by
Index number relating changes to a base year that is given the value
of 100
The monetary value of the total output of an economy
National income
over a specific period of time
A model that shows how money flows within a
Circular flow of income simplified economy, with households and firms as key
components
Factors that lead to income not being passed on
Withdrawals (leakages) within the circular flow - these comprise savings,
taxation and imports
Additions to the circular flow of income from outside
Injections it - these comprise investment, government spending
and exports
The total planned demand for an economy's goods
Aggregate Demand and services at a given price level over a specific time
period
Planned spending by firms that adds to an economy's
Investment capital stock (property, machinery, vehicles and other
items used in production)
Expenditure by central and local governments on
Government spending
goods and services
https://quizlet.com/1039314616/aqa-as-macro-economics-comprehensive-questions-and-verified-answers-detailed-elaborated-actual-exam-2025-test-… 2/7
