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ECON 1010 (102)
Lecture

Aggregate Demand .docx

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Department
Economics
Course
ECON 1010
Professor
Sarrah Vakili
Semester
Winter

Description
Aggregate Demand The identity for calculating aggregate demand AD is as follows ADCIGXM Where C Consumers expenditure on goods and services This includes demand for consumer durables eg washing machines audiovisual equipment and motor vehiclesnondurable goods such as food and drinks which are consumed and must be repurchased Household spending accounts for over sixty five per cent of aggregate demand in the UKI Capital InvestmentThis is investment spending by companies on capital goods such as new plant and equipment and buildings Investment also includes spending on working capital such as stocks of finished goods and work in progressG Government SpendingThis is government spending on stateprovided goods and services including public and merit goods Decisions on how much the government will spend each year are affected by developm
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