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Summary notes - Theme 2.2.1 - Characteristics of AD - economics $7.14   Add to cart
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  2.  
  3. PEARSON (PEARSON)
  4.  
  5. Economics A
  6.  
  7. Unit 2 - The UK economy - performance and policies

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Summary notes - Theme 2.2.1 - Characteristics of AD - economics
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  • Course
  • Unit 2 - The UK economy - performance and policies
  • Institution
  • PEARSON (PEARSON)

Aesthetic summary sheet for theme 2.2.1 economics (option A,Characteristics of AD), great to hang up on wall and consolidate knowledge with, provides key notes for each sub-theme. I used for mock exams and it was so helpful in helping me apply knowledge and analyse which is a huge part of the exam.

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Document information

  • April 28, 2024
  • 1
  • 2023/2024
  • Summary

Subjects

  • theme 22 economics
  • aggregate demand
  • a level economics
  • aesthetic summary notes economics
  • economics a level option a edexcel
  • theme 221 characteristics of ad

Written for

  • A/AS Level
  • PEARSON (PEARSON)
  • Economics A
  • Unit 2 - The UK economy - performance and policies
All documents for this subject (139)

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Content preview

Economics theme 2.2.1 Characteristics of AD The rela
AD:

Consum
Government spending: (G) → compone
represents government expenditure on than all o
Components of Aggregate Demand (AD): C + I + G + (X -
public goods and services, such as
M) Investm
education, infrastructure and defence.
during ec
Consumption: ©→ this is made up of the spending by business
Net Exports: (X-M) → This accounts
households/individuals on goods and services. Its influenced by
for the difference between a countries
factors like income, interest rates and consumer confidence. Govern
exports (X) and imports (M). A positive
(During recession, households may reduce their consumption due tool to st
value indicates a trade surplus, while a
to uncertainty and a lack of consumer confidence, therefore leading AD.
negative value indicates a trade deficit.
to decrease in C)
Net exp
Investment: (I) → Investment refers to spending by businesses balance o
on capital goods (e.g. machinery, buildings and technology). Its The AD curve → shows the relationship
between the overall/total PL in the with trad
influenced by interest rates, business expectations and gov policies. while tho
(Lower interest rates may encourage businesses to invest in new economy and the quantity of Real GDP
equipment and therefore expand production, consequently demanded (Y). Typically it slopes
contributing to AD) downward, indicating that as prices
rise/inflation occurs, the quantity of real
gdp demanded falls, vice versa.

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