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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 27

Extract D

Figure 3: Average Outstanding Unsecured Consumer Debt as a Percentage of Disposable Income (%)

YearPercentage (%)
201314.2
201515.6
201716.8
201917.5
202115.1
202313.4

Figure 4: Average Household Saving Ratio (%)

YearSaving Ratio (%)
20138.4
20157.6
20176.8
20196.1
20218.9
202310.5

Question

Explain how the data in Extract D (Figures 3 and 4) show that consumer confidence may have fallen since 2019.

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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