Aggregate Demand 4.0 / 5 based on 1 rating ? EconomicsMacroeconomic indicatorsASWJEC Created by: Hannahcooper168Created on: 14-03-19 15:45 What is Aggregate Demand? The total Demand for a country's goods and services at a given price level 1 of 14 What is the calcuation for Aggregate Demand? C+I+G+(X-M) 2 of 14 What does EXPORTS minus IMPORTS equal Net Trade/Net Exports 3 of 14 What is Consumption? Spending by households on consumer products 4 of 14 What is Investment Spending on Capital goods 5 of 14 What is Government Expenditure Spending by the central government and local government on goods and services not including tranfer payments 6 of 14 What are Transfer Payments Money transfered from one to another not in return for goods 7 of 14 What is the Jobs seekers allowance A benefit paid by the government to those unemployed and trying to find a job 8 of 14 What are exports Products sold abroad 9 of 14 What are imports Products bought from abroud 10 of 14 What is a Trade surplus Exports > Imports 11 of 14 What is a Trade Defecit Imports > Exports 12 of 14 What is Real GDP The countrys output measured in constant prices and so adjusted for inflation 13 of 14 What is Gross Domestic Product (GDP) The total output produced in a country 14 of 14
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