What are the components of Aggregate Demand?

Aggregate Demand is the total demand in an economy for goods and services and is made up of 5 main components:Consumption, Income, Government Expenditure and (Exports-Imports).

RW

Related Economics A Level answers

All answers ▸

To what extent is monetary policy effective in controlling the rate of inflation?


Evaluate the case for government provision of goods and services such as flood defence schemes.


What are business cycles?


If mpc = 0.6, what will be the final change in National Income arising from an initial increase in Investment of £200m?