Top answers

Economics
All levels

How can an increase in government spending affect the economy?

Government spending (G) is a component of aggregate demand. The aggregate demand (AD) equation is Y = C + I + G + NX. It measures the total demand for goods and services in the economy. Using a diagram w...

Answered by Economics tutor
1783 Views

Explain why GDP is a poor indicator of economic development, and why development is hard to measure

GDP refers to the total output within a country during a period of time. Whilst this represents economic growth, this does not necessarily measure development. Countries economies can grow, however if liv...

Answered by Economics tutor
2224 Views

Outline the differences between the GDP, real GDP and green GDP.

In order to measure, track and sustain economic growth, several different growth indicators are used. Among these, the GDP, real GDP and green GDP are included. The Gross Domestic Product (GDP) is defined...

Answered by Sonali V. Economics tutor
9499 Views

Discuss the possible impact of supermarket monopsony power on both food suppliers and consumers?

One possible impact of supermarket monopsony power on suppliers is it will decrease their profits, possibly driving them out of the industry. A monopsony can be defined as when there is only one buyer in ...

Answered by Gabrielle L. Economics tutor
13373 Views

What is a demand curve?

A demand curve is an economic model that is used to illustrate the demand that consumers have for a certain good at different prices. The two axes are price of the good on the y-axis and quantity demanded...

Answered by Economics tutor
1764 Views

We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo
Cookie Preferences