Solved

Which of the Following Best Defines the Term Aggregate Output

Question 10

Multiple Choice

Which of the following best defines the term aggregate output?


A) The total quantity and quality of goods and services that a country's citizens can purchase with the currency used in their economic system
B) The measure of economic growth that compares how much a system produces with the resources needed to produce it
C) The pattern of short-term ups and downs in an economy
D) The total quantity of goods and services produced by an economic system during a given period
E) The conditions of the economic system in which an organization operates

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents