Economics B A-Level
Equilibrium
What Equilibrium means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Equilibrium
Check what you remember
Read the wording for your board, then hide it and explain Equilibrium in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
A position where the current account is broadly in balance, with inflows roughly matching outflows over time and no unsustainable deficits or surpluses.
Topics that use Equilibrium
- Possible macroeconomic objectives (Pearson Edexcel A-Level)
Related terms
- Current account
- Current account surplus
- Economic growth
- International competitiveness
- Living standards
- Low unemployment
- Macroeconomic objectives
- Persistent current account deficit
Using Equilibrium in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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