7
QuizMultiple Choice

Introduction to Macroeconomics

Question 7 • (Galli)WCA 2221 Civics/Economics 1st nine weeks 26-27

The aggregate is

Answer
A
a type of economic system.
B
the total number of goods demanded or supplied.
C
a form of revenue.
D
the total profit made on sales.

Explanation

In economics, aggregate means a total or combined amount. Aggregate demand or aggregate supply refers to the total amount of goods and services demanded or supplied across the economy, so the best match is “the total number of goods demanded or supplied.” It is not an economic system, revenue, or profit.

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