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Which of the following equations properly summarizes photosynthesis?
Price Level
The average of all current prices for goods and services in an economy, reflecting the cost of living.
Real GDP
Gross Domestic Product corrected for the effects of inflation, offering a better measure of the true scale and expansion of an economy.
Aggregate Demand
The total demand for all goods and services in an economy at different price levels, including consumption, investment, government spending, and net exports.
Price Level
This refers to the average of current prices across the entire spectrum of goods and services produced in the economy.
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