by Simon Ng | Aug 10, 2015 | AS-AD Models and National Income Determination, Economics Tuition, JC Economics Essays, Macroeconomics |
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 the economy has attained actual growth and this is very often understood to be beneficial. However, there are...
by Simon Ng | Aug 10, 2015 | AS-AD Models and National Income Determination, Economics Tuition, JC Economics Essays, Macroeconomics |
Explain how changes in investment expenditure results in a larger change in national income. [10] Introduction Investment refers to the part of the aggregate demand or expenditure that is spent on the production of capital equipment or infrastructure that will produce...
by Simon Ng | Jun 30, 2013 | AS-AD Models and National Income Determination, Economics Tuition, JC Economics Essays, Macroeconomics |
Explain how an increase in government expenditure will affect the economy? Introduction Government expenditure refers to expenditure on goods and services spent that are for ordinary and development expenditure in areas such as, provision of public goods and defense....
