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2.2 Aggregate demand (AD)

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Question 15

The table below shows UK household savings as a percentage of household disposable income from Q1 2021 to Q4 2023.

UK Household Savings Ratio (%)

YearQuarterSavings (%)
2021Q118.2
2021Q212.5
2021Q39.8
2021Q47.5
2022Q16.2
2022Q25.8
2022Q35.2
2022Q44.8
2023Q14.2
2023Q24.5
2023Q34.9
2023Q45.4

In Q3 of 2022, average household disposable income was £28,500.

Calculate the total amount of money saved by the average household in Q3 of 2022.

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2.2 Aggregate demand (AD) Questions

  1. A Level
  2. /Economics
  3. /2.2 Aggregate demand (AD)