35
QuizMultiple Choice

N/A — Exam

Question 35 • Personal Finance and Economics

Aggregate supply is best described as the

Answer
A
point of equilibrium.
B
excess supply in the market.
C
nation’s real gross national product.
D
total output of all products and services.

Explanation

Aggregate supply is the total quantity of goods and services produced by businesses in an economy. That matches “total output of all products and services.” It is not a point of equilibrium or excess supply, and it is not specifically gross national product.

AI-written and checked against the verified answer.

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