Automatic stabilisers - Study guides, Revision notes & Summaries

Haal in één keer je auto theorie-examen met deze samenvatting! De samenvatting bevat alle onderwerpen in het theorie-examen en is helemaal up-to-date. Het document bevat veel plaatjes en overzichten. Inclusief een gratis te oefenen theorie-examen die hetzelfde is als bij het CBR!

Accelerator Effect - Answer Capital investment is linked positively to expected growth of consumer demand. If National income rises then Investment is expected to rise. The relation between the change in new investment and the rate of change of national income. Aggregate Demand - Answer The total spending on goods and services in an economy AD=C+I+G+(X-M) Aggregate Supply - Answer The total value of goods and services supplied in the economy Aggregate Supply Shock - Answer Eit...

Absolute advantage correct answers When a country's output of a product per unit of input is greater than that of any other country. Absolute poverty correct answers When a person does not have the income or wealth to fulfil their basic needs. Aggregate Demand (AD) correct answers The total demand/spending in an economy at a given price level over a given period of time. Made up of consumption, investment, government spending and net external demand. Aggregate Supply (AS) correct answe...

Absolute advantage - ANSWERSWhen a country's output of a product per unit of input is greater than that of any other country. Absolute poverty - ANSWERSWhen a person does not have the income or wealth to fulfil their basic needs. Aggregate Demand (AD) - ANSWERSThe total demand/spending in an economy at a given price level over a given period of time. Made up of consumption, investment, government spending and net external demand. Aggregate Supply (AS) - ANSWERSThe total amount of goods...

Edexcel A-Level Economics A: Definitions Exam Guide |Graded A+| 100% Correct Answers Absolute advantage *Ans* When a country's output of a product per unit of input is greater than that of any other country. Absolute poverty *Ans* When a person does not have the income or wealth to fulfil their basic needs. Aggregate Demand (AD) *Ans* The total demand/spending in an economy at a given price level over a given period of time. Made up of consumption, investment, government spending a...

Absolute advantage - ANSWERSWhen a country's output of a product per unit of input is greater than that of any other country. Absolute poverty - ANSWERSWhen a person does not have the income or wealth to fulfil their basic needs. Aggregate Demand (AD) - ANSWERSThe total demand/spending in an economy at a given price level over a given period of time. Made up of consumption, investment, government spending and net external demand. Aggregate Supply (AS) - ANSWERSThe total amount of goods...

Actual economic growth : The rate growth of GDP in a period Aggregate demand : The total amount of spending on goods and services produced in an economy during a period of time Aggregate demand curve : The relationship between the AD and the overall price level; it shoes planned expenditure at any given possible overall price level Automatic stabilisers : Effects by which government expenditure adjusts to offset the effects of recession and boom without the need for active intervent...

3 policies to take a BOP deficit - qualified answers deflation, devaluation and direct controls absolute advantage - qualified answers a country has absolute advantage if it can produce more of a good than other countries from the same amount of resources accelerator - qualified answers is a change in the level of investment in new capital goods induced by a change in national income or output advantages of FDI - qualified answers increases aggregate demand, increased productive c...

Absolute advantage : When a country's output of a product per unit of input is greater than that of any other country. Absolute poverty : When a person does not have the income or wealth to fulfil their basic needs. Aggregate Demand (AD) : The total demand/spending in an economy at a given price level over a given period of time. Made up of consumption, investment, government spending and net external demand. Aggregate Supply (AS) : The total amount of goods and services that can be ...

Actual economic growth : The rate growth of GDP in a period Aggregate demand : The total amount of spending on goods and services produced in an economy during a period of time Aggregate demand curve : The relationship between the AD and the overall price level; it shoes planned expenditure at any given possible overall price level Automatic stabilisers : Effects by which government expenditure adjusts to offset the effects of recession and boom without the need for active intervent...

Edexcel A-Level Economics (New 2024/2025 Update) Complete with Questions & Verified Answers Absolute advantage ANSWER When a country's output of a product per unit of input is greater than that of any other country. Absolute poverty ANSWER When a person does not have the income or wealth to fulfil their basic needs. Aggregate Demand (AD) ANSWER The total demand/spending in an economy at a given price level over a given period of time. Made up of consumption, investment, government spe...