(a)[1]
(i) Calculate the size of aggregate demand in Thailand in 2014.
- Calculate the size of aggregate demand in Thailand in 2014. [1]
(a)[1]
(ii) In which expenditure category would the different infrastructure projects be classified?
- In which expenditure category would the different infrastructure projects be classified? [1]
(b)
Explain how a fall in the rate of interest would probably affect expenditure on
- (i) consumption [3]
- (ii) exports. [3]
(c)[6]
Explain how changes in any three demand factors may account for the faster growth in the number of visitors to Thailand from China than from other countries.
(d)[6]
Discuss whether Thailand’s government should be concerned that export and import spending makes up the largest proportion of total spending in Thailand.