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Macroeconomics mindmap
- Aggreagate demand-the total
planned expenditure of
goods and services produced
in the UK AKA C+I+G+(X-M)
- Consumption: measures
the amount that
consumers wish to spend
at various price levels
rather than to save.
- Investment:Net-takes account
of the fall in value of capital
assets;Gross-the total amount
of investment before any
account is taken of
depreciation of assets
- Government expenditure: trade cycle-the pattern
of economic growth e.g. booms to recessions. In a
boom G is likely to fall increasing the demand for
benefits. Fiscal policy-the deliberate manipulation
of government spending and taxation in order to
influence the level of AD in the economy. National
debt is the accumulation of budget deficits over
the years. The governments hope that the deficit
will balance the economic cycle for current
spending
- Consumption: measures
the amount that
consumers wish to spend
at various price levels
rather than to save.
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