What is aggregate output?
A) the total amount of goods and services produced during a given period in the economy
B) only the total amount produced of goods during a given period in the economy
C) the relationship between the price level and the quantity of output demanded during a given period in the economy
D) the relationship between the price level and the quantity of output supplied during a given period in the economy

Question

What is aggregate output?  
A) the total amount of goods and services produced during a given period in the economy 
B) only the total amount produced of goods during a given period in the economy 
C) the relationship between the price level and the quantity of output demanded during a given period in the economy 
D) the relationship between the price level and the quantity of output supplied during a given period in the economy

Quizplus · Accepted Answer

Aggregate output refers to the total amount of goods and services produced in an economy over a given period of time. It includes both goods and services and is often measured as gross domestic product (GDP).

What Is Aggregate Output