Economics B A-Level
Fraction
What Fraction means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Fraction
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Reference: Pearson Edexcel
A part-to-whole expression obtained from a ratio by summing the parts to find the denominator, so a 3:1 ratio gives 3/4.
Topics that use Fraction
- Appendix 3: Quantitative skills (Pearson Edexcel A-Level)
Related terms
- Base year
- Cross elasticity of demand
- Data interpretation
- Income elasticity of demand
- Index numbers
- Inflation measurement
- Marginal cost
- Nominal values
Using Fraction in the exam
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