Macro-Economics

DylanS
Flashcards by DylanS, updated more than 1 year ago
DylanS
Created by DylanS over 6 years ago
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A-Level Macro-Economics flashcards
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Question Answer
Aggregate Demand Formula AD=C+I+G+(X-M)
3 things that affect Domestic Consumption 1. Consumer Confidence 2. Personal disposable income 3. The availability of credit
3 things that affect business Investment 1. Business Confidence 2. The availability of credit 3. Business Profits
What affects Government Spending? 1. Political orientation of the party in power 2. Size of debt and deficit
What is the Balance of Payments? The amount of goods that a country Imports taken away from the amount that a country Exports
What affects the Balance of Payments? 1. The ability of domestic producers to produce goods 2. The exchange rate 3. The quality of foreign and domestic goods
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