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Refer to the diagram given below. If aggregate supply shifts from AS1 to AS3, then the real domestic output will:
Household Income
The combined gross income of all members of a household.
Gini Ratio
A statistical measure used to represent the income or wealth distribution of a nation's residents, indicating economic inequality.
Highest Quintile
The top 20 percent segment of a population sorted by income, wealth, or another metric.
Total Income
The accumulation of all sources of revenue, including wages, salaries, interest, dividends, and other earnings.
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