Economics Tuition: Discuss the view that a large increase in national income is often but not always desirable

Discuss the view that a large increase in national income is often but not always desirable. [15] Introduction The increase in national income will mean that...

Economics Tuition: Explain how changes in investment expenditure results in a larger change in national income

Explain how changes in investment expenditure results in a larger change in national income. [10] Introduction Investment refers to the part of the aggregate...

Economics Tuition: Explain how an increase in government expenditure will affect the economy?

Explain how an increase in government expenditure will affect the economy? Introduction Government expenditure refers to expenditure on goods and services...

AS-AD Models/National Income Determination

H2 Economics Only

The derivation of national income comes about at the point where aggregate demand meets aggregate supply on the AS-AD model. Students are therefore expected to understand the graphical representation of the AS-AD model as well as the various scenarios that arise when aggregate demand is more or less than aggregate supply.

Economics Tuition: Using the Production Possibility Curve, explain how an increase in government spending contributes to economic growth

by Simon Ng | Aug 13, 2015

Economic growth refers to the growth of production, seen in terms of actual and potential production capacity. Actual economic growth, also known as short term growth, is commonly measured in terms of a percentage change in the real Gross Domestic Product (GDP). The...