Percentage
What Percentage means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Percentage
Check what you remember
Read the wording for your board, then hide it and explain Percentage in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
A fraction of 100, useful for market share or interest rates, calculated by dividing the part by the whole and multiplying by 100.
Topics that use Percentage
- Appendix 3: Quantitative skills (Pearson Edexcel A-Level)
Related terms
- Base year
- Cross elasticity of demand
- Data interpretation
- Fraction
- Income elasticity of demand
- Index numbers
- Inflation measurement
- Marginal cost
Using Percentage in the exam
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