The student demonstrates an understanding of key economic concepts and applies them effectively in their analysis, as evident through the incorporation of subject-specific terminology throughout the whole work. However, although appropriate terminology has been used throughout the commentary, the student has not provided the full form of terms along with their abbreviations on first use.. The student should have presented the abbreviated form alongside the full form, such as "Gross Domestic Product (GDP)," to ensure that all terminology is fully defined before abbreviations are used.