The macroeconomic demand for all of the nation’s goods and services

| February 25, 2017

Question
The macroeconomic demand for all of the nation’s goods and services is called aggregate demand. Explain AD = C + I + G + X – M (300 words max)

1.Discuss the main issues concerning land as a resource (Max 750 words)

2. ‘The consequence of scarcity is that there are competing demands for the same resources so choices must be made about their use. ‘

Discuss and detail, using a practical example, the three broad questions that, according to Samuelson, have to be answered.(Max 750 words)

3.It can be argued that GDP is a propaganda tool. Discuss the strengths and weaknesses of this position reflecting on the use of index scores and standards of living.(Max 750 words)

4. ‘The demand for a good or service is the quantity per time period that a household wants at a given price, providing that want is backed up by an ability and a willingness to pay.’ Identify the six elements of this definition, and using an example of household demand, discuss what determinants are and how they affect the market.(Max 750 words)

It is essential that all answers are Harvard referenced!!!

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