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2.3.2.2c - definition of the 'savings ratio'

Syllabus
2018
Objective
2.3.2.2
Level
AS

c - definition of the 'savings ratio'

The definition of the 'savings ratio'.

Use c - definition of the 'savings ratio' to connect the rule to the data and decision in the question.

This matters because c - definition of the 'savings ratio' determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply c - definition of the 'savings ratio' to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: c - definition of the 'savings ratio' is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

ConceptA-Level Edexcel Economics AS