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Question Practice

What does the term 'aggregate output' refer to in macroeconomic terms?

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MCQ_SA
CBSE
Class 12
Economics
Introductory Macroeconomics
Introduction
Question Bank

What does the term 'aggregate ...

Single Answer MCQ
Q-00088916

What does the term 'aggregate output' refer to in macroeconomic terms?

1

Total production of goods and services in an economy

2

Total amount of money in circulation

3

Individual business profits

4

Employment rate in the economy

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