The total amount spent on final goods and services in the U.S.in 2009 was approximately ten trillion dollars.This total spending is referred to as
A) investment demand.
B) aggregate demand.
C) market demand.
D) consumption demand.

Question

Quizplus · Accepted Answer

The term "total spending" and the context of the question suggest that the answer is aggregate demand, which refers to the total amount of goods and services that consumers, businesses, and government entities are willing and able to purchase at a given price level. Investment demand refers specifically to the demand for investment goods, such as factories and equipment, while consumption demand refers to the demand for goods and services by households. Market demand refers to the total demand for a product in the entire market, not just in a specific country.

The Total Amount Spent on Final Goods and Services in the U.S.in