← Economic growth
How this connects to your other standards
This standard is not a sealed topic. Read this first if you are also taking one of the standards below.Related in other Level 2 Economics standards
The most direct links:
Analyse inflation using economic concepts and models (91222): the SAME AS/AD model used here to explain growth also explains inflation A supply-side or demand-side shift analysed here for its effect on real GDP (Y) is the exact same graph used in 91222 to explain the effect on the price level — the same model, read for a different question. Analyse international trade using economic concepts and models (91223): export growth and resource allocation appear in both standards A growing export industry's effect on resource allocation between industries, assessed in trade, is the same underlying mechanism as land or capital shifting toward a higher-return use here on the PPF. ✓The big picture in one sentence
Every part of this paper rewards the SAME discipline: identify which model applies (AS/AD, circular flow, or PPF), show the correct shift or movement, then trace the SPECIFIC named flow, sector or trade-off through to its effect on growth.Practice for this standard covers the whole topic — flashcards and quiz.