The table below details the components of national expenditure for a medium-sized open economy over two consecutive fiscal years.
| Economic Component | Year 1 (£ billion) | Year 2 (£ billion) |
|---|---|---|
| Household Consumption (CCC) | 220 | 240 |
| Gross Private Investment (III) | 60 | 65 |
| Government Expenditure (GGG) | 85 | 90 |
| Exports of Goods and Services (XXX) | 75 | 80 |
| Imports of Goods and Services (MMM) | 90 | 115 |
Between Year 1 and Year 2, the Aggregate Demand (AD) of this economy increased by:
£10 billion.
£30 billion.
£50 billion.
£60 billion.
222 exam-style questions on AQA A Level Economics 2.2 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts, covering 2.2.1 The circular flow of income, 2.2.2 Aggregate demand and aggregate supply analysis, 2.2.3 The determinants of aggregate demand, 2.2.4 Aggregate demand and the level of economic activity, 2.2.5 Determinants of short-run aggregate supply, and 2.2.6 Determinants of long-run aggregate supply. Each one has a worked solution and a mark scheme showing where the marks go.