Aggregate demand has four components: consumption spending (C), investment spending (I), government spending (G), and Net Export (NX), where Net Export equals spending on exports (X) minus imports (M). Please select a country of your choice and describe the relative importance of those four components as well as some factors that may affect them.

References

Clifford, J. (2020, October 7). Aggregate demand- macro topic 3.1 [Video]. YouTube. https://www.youtube.com/watch?v=ujiHgvLzEDw

Clifford, J. (2020, October 14). Aggregate supply- macro topics 3.3 and 3.4 [Video]. YouTube. https://www.youtube.com/watch?v=45ru0F_kN48

Clifford, J. (2017, October 31). Aggregate demand and supply practice- macro topic 3.5 and 3.6 [Video]. YouTube. https://www.youtube.com/watch?v=MjpSKZoQDoY

Geenlaw, S. & Shapiro, D. (2017). Chapter 11 | The aggregate demand/aggregate supply model. InPrincipals of macroeconomics 2e. Openstax. Licensed under CC-BY 4.0.https://openstax.org/details/books/principles-macroeconomics-2e

Reading Assignment

Read

• Read Ch. 11: The Aggregate Demand / Aggregate Supply Model
• https://assets.openstax.org/oscms-prodcms/media/documents/Macroeconomics2e-OP_WRQqkIv.pdf