Edexcel A Level

EDEXCEL A LEVEL 2023 CHEMISTRY Questions & Correct Answers/ Graded A+

Total revenue or total expenditure - ANSWER-The amount of revenue generated from the sale of goods calculated by multiplying price by quantity in a given period of time Price elastic demand - ANSWER-A change in price results in a greater change in demand Price elasticity of demand - ANSWER-The responsiveness of demand to a change in price Price inelastic demand - ANSWER-A change in price results in a proportionately smaller change in demand Discretionary expenditure - ANSW

Macroeconomics - ANSWERSThe study of the economy as a whole, including inflation, growth and unemployment. Aggregate demand - ANSWERSThe total of all demands or expenditures in the economy at any given price. Aggregate demand curve - ANSWERSShows the relationship between the price level and equilibrium national income. As the price level rises the equilibrium level of national income falls. Animal spirits - ANSWERSBusiness confidence: the mood of managers and owners of firms about the f...

Edexcel A Level Government and Politics Paper 1 2022 QA Edexcel A Level Government and Politics Paper 1 2022 QA Edexcel A Level Government and Politics Paper 1 2022 QA

Edexcel A-level Economics Paper 1 2024/2025 questions and correct answers Economics - answer The study of the allocation of scarce resources. Economic Goods - answer Resources that are scarce. Short Run - answer A time period where at least one factor of production is fixed. Long Run - answer A time period where all factors of production are variable. Productivity - answer The output per unit of input. The Economic Problem - answer Resources are scarce but wants are infinite. Sca...

Absolute advantage - ANSWERSWhen a country's output of a product per unit of input is greater than that of any other country. Absolute poverty - ANSWERSWhen a person does not have the income or wealth to fulfil their basic needs. Aggregate Demand (AD) - ANSWERSThe 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) - ANSWERSThe total amount of goods...