IDK EXAM TECHNIQUE: AQA ECON2 Q1- DEFINITIONS

Mark breakdown (5 marks max)

• Written definition alone can get you all 5 marks (max. 5)
• Examples/ key technical terms (max.2) e.g if defining real income, can give “wages”, “pension payments”, "interest" are relevant examples. if defining economic cycle, “recession”, “boom” are examples of phases.
• Fully labelled diagram (max. 5) 

Jan 2013 Q1

Question paper: http://filestore.aqa.org.uk/subjects/AQA-ECON2-QP-JAN13.PDF
Mark scheme: http://filestore.aqa.org.uk/subjects/AQA-ECON2-W-MS-JAN13.PDF

1. Start with your written definition and add a relevant example

"When actual economic growth fluctuates around the trend rate of economic growth."

2. Add in a diagram relevant to the question. Always add in a diagram even if it's not 100% relevant to the question as there's no negative marking. Include a very brief description- the diagram needs to be fully labelled (axes, curves and any other relevant features) but not fully explained. Note that the explanation for this diagram also includes our definitions (see point 3.

 

 

 

 

 

 

 

 

 

 

3. Add in your key terms/examples:

A boom is where real GDP exceeds the trend rate of growth, whereas a recession is where real GDP is below the trend rate of growth.

Full mark response: 

When actual economic growth fluctuates around the trend rate of economic growth.  

 

 

 

 

 

 

 

 

 

A boom is where real GDP exceeds the trend rate of growth, whereas a recession is where real GDP is below the trend rate of growth.