Which Indicator Refers to the Total Quantity of Goods and Services

question 122

Multiple Choice

Which indicator refers to the total quantity of goods and services produced by an economic system during a given period?

• A) the business cycle
• B) aggregate output
• C) gross domestic product
• D) the consumer price index
• E) gross national product

---

Definitions:

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the amount loaned, paid to the lender at regular intervals for the use of their money.

Bond Prices

The market value of a bond, which can fluctuate based on interest rates, the bond’s credit quality, and other factors.

Opportunity Cost

Cost associated with opportunities forgone when a firm’s resources are not put to their best alternative use.

Projected Net Present Value

An estimation of the present value of an investment's future net cash flows minus the initial investment cost.