Economics As unit 2 , help??
Extract F (lines 1 – 2) states: ‘Economic policymakers hope that UK trade with the
rest of the world will help to rebalance the economy and boost aggregate demand.’
Using the data and your economic knowledge, assess the impact on the
performance of the UK economy of a significant increase in exports and a
reduction in imports of goods and services. (25 marks)
could someone answer question please, as i have no idea where to even start and how i should lay my answer out
rest of the world will help to rebalance the economy and boost aggregate demand.’
Using the data and your economic knowledge, assess the impact on the
performance of the UK economy of a significant increase in exports and a
reduction in imports of goods and services. (25 marks)
could someone answer question please, as i have no idea where to even start and how i should lay my answer out
Exports up and imports down means Aggregate demand gets an overall increase, leading to more potential growth in the UK.
Posted from TSR Mobile
Posted from TSR Mobile
In terms of structure, have an intro discussing the argument. Then have at least two paragraphs discussing some points of view, and conclude with a little pointer (short run vs long run is the way to go normally)
Posted from TSR Mobile
Posted from TSR Mobile
A suggestion might be to suggest than more exports could be difficult to achieve, as the UK has a relatively high exchange rate (making exports more expensive) and we are notoriously unproductive, again raising export prices (relative to other countries like Germany.)
Posted from TSR Mobile
Posted from TSR Mobile
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