Economics B A-Level
National income
What National income means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of National income
Check what you remember
Read the wording for your board, then hide it and explain National income in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
In the model, national income is theoretically equal to national expenditure and national output.
Topics that use National income
- Circular flow of income, expenditure and output (Pearson Edexcel A-Level)
Related terms
- Aggregate demand
- Economic agents
- Factors of production
- Injections
- Investment
- Macroeconomic equilibrium
- Productivity
- Withdrawals
Using National income 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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