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2.2 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts

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Question 16

Extract E

Figure 5: Household Credit Card Debt as a Percentage of Disposable Income (%)

YearPercentage (%)
201018.5
201217.2
201415.8
201615.0
201816.5
202017.8
202219.2

Figure 6: Average Household Saving Ratio (%)

YearSaving Ratio (%)
20109.8
201210.5
20149.2
20168.9
20187.4
20206.8
20225.9

Explain how the data in Extract E (Figures 5 and 6) show that consumer confidence may have risen since 2016.

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2.2 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts Questions

  1. A Level
  2. /Economics
  3. /2.2 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts