Quizzes & Activities
Edexcel Theme 2 Macro Knowledge Book - Aggregate Demand and Aggregate Supply
- Level:
- A Level
- Board:
- Edexcel
Last updated 28 Dec 2018
Here are some links and revision activities for students and teachers using the Edexcel Theme 2 Knowledge Book for Economics. This section covers factors affecting aggregate demand and aggregate supply
Aggregate demand
Aggregate demand is total spending on domestically produced goods and services at a given time and price level. AD is the sum of consumption expenditure, investment expenditure, government expenditure and net exports. (AD=C+I+G+X-M). Study resources on aggregate demand can be found here.
Study resources on the components of aggregate demand
Aggregate supply
Aggregate supply measures the volume of goods and services produced each year. Aggregate supply represents the ability of an economy to deliver goods and services to meet demand.
Quizlet revision activity on aggregate demand and aggregate supply
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