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Economics OCR GCSE Paper 2

This class was created by Brainscape user Sofia A. Visit their profile to learn more about the creator.

By: Sofia A
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Decks in this class (11)

3.1 Economic Growth
What is economic growth,
What is gdp and what does it stan...,
When there is economic growth wha...
24  cards
3.2 Low Unemployment
What is meant by employment,
What is the purpose of the labour...,
What is the reward for labour and...
20  cards
3.3 Fair Distribution of Income
What is meant by distribution of ...,
What are the five types of income...,
What is income
16  cards
3.4 Price Stability
What is price stability,
What is inflation,
What is the rate of inflation
23  cards
3.5 Fiscal Policy
What is government spending,
What are 4 things the government ...,
What is government revenue
29  cards
3.6 Monetary Policy
What is monetary policy,
What are the two tools monetary p...,
How does monetary policy control ...
15  cards
3.7 Supply-side Policy
What is supply side policy,
How is supply side policy differe...,
What are five examples of supply ...
12  cards
3.8 Limitations of Markets
What is an externality,
Externalities are aren t taken in...,
What is a positive externality gi...
27  cards
4.1 Importance of International Trade
What is international trade,
What are imports,
In which direction does the money...
16  cards
4.2 Balance of Payments
What is meant by balance of payments,
What does the balance of payments...,
What is the current account
17  cards
4.3 Exchange Rates
What does currency mean,
What is meant by the term exchang...,
How is an exchange rate diagram d...
4  cards

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Economics OCR GCSE Paper 2

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