In economics, the word "aggregate" refers to
A) the government.
B) how individual households differ from each other.
C) the public sector itself.
D) an economy as a whole.

Question

Quizplus · Accepted Answer

In economics, "aggregate" refers to the economy as a whole or the total of all individual economic units, such as households and businesses. It is used to analyze and understand trends and patterns in a broader sense rather than focusing on individual units. Choices A, B, and C are incorrect because they do not accurately describe the concept of aggregate in economics.

In Economics, the Word "Aggregate" Refers to