Economics A-Level
Full employment income
What Full employment income means in Economics A-Level, as defined for AQA.
Definition of Full employment income
Check what you remember
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Reference: AQA
The maximum potential output where all available factors of production are fully utilised, represented by the vertical LRAS curve.
Topics that use Full employment income
- The circular flow of income (AQA A-Level)
Related terms
- Circular flow of income
- Economic growth
- Economic welfare
- Inflation
- Injections
- Living standards
- Macroeconomic equilibrium
- Macroeconomic indicators
Using Full employment income in the exam
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