The Sum of the Demands from the Four Groups That

question 30

Multiple Choice

The sum of the demands from the four groups that contribute to demand in the whole economy is called

• A)aggregate supply.
• B)real GDP.
• C)potential GDP.
• D)aggregate demand.
• E)demand.

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Definitions:

Principle Amount

The original sum of money borrowed in a loan or put into an investment.

Time

A continuous, measurable quantity in which events occur in a sequence from the past through the present to the future.

Simple Interest

Interest computed on the original sum of a loan or deposit, not including the effects of compounding throughout the duration.

Simplification

The process of reducing a mathematical expression or equation to its simplest form.