Aggregate Output Is

question 10

Multiple Choice

Aggregate output is:

• A) equal to consumer spending on goods and services.
• B) the value of new construction, changes in inventories, and the purchase of physical capital by businesses.
• C) the total quantity of intermediate goods produced by an economy.
• D) the total quantity of final goods and services produced by an economy.

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Definitions:

Contemporary Research

Modern or current investigations and studies conducted to advance knowledge in a particular field.

College Student Samples

Research participants who are college or university students, often used in psychological and social studies.

Subdiscipline

A specialized field or area that is part of a broader discipline.

Children

Young human beings below the age of puberty or below the legal age of majority.