Aggregate measures are
A)anything to do with economics.
B)a total measure of a variable across the economy.
C)used only in microeconomics.
D)determined by the Bureau of Labor Statistics.

Question

Quizplus · Accepted Answer

Aggregate measures are total measures of a variable across the economy, such as gross domestic product (GDP), inflation rate, and unemployment rate. They are used in both macroeconomics and microeconomics to analyze and understand economic trends and patterns. While the Bureau of Labor Statistics may calculate and report some aggregate measures, they are not solely determined by this agency.

Aggregate Measures Are