Aggregate supply is the total amount:

of products produced by a given industry.

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of goods and services produced in an economy.

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of labor supplied by all households.

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produced by the government.

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Solution

The correct option is A of products produced by a given industry.
Options: (a)

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Similar questions

Q. Aggregate supply refers to the total value of output of goods and services produced in an economy in a year.

Q. In a/an _________ economy goods are demanded by households, firms or producers and the government.

If the national income is measured as an aggregate value of all final goods and services produced by all the firms it is called _______.

Q. Goods and services are produced and supplied by _____________ sector on the basis of 'no profit, no loss'.

Q7. Consider the following statement :

1. GDP gives a picture of the state of economic activity from the producers’ side or supply side.

2. GVA provides the rupee value for the amount of goods and services produced in an economy after deducting the cost of inputs and raw materials that have gone into the production of those goods and services.

3. GVA also gives sector-specific picture like what is the growth in an area, industry or sector of an economy.

Which of the above statements are correct?

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Aggregate supply is the total amount:

The correct option is A of products produced by a given industry. Options: (a)

The correct option is A of products produced by a given industry.
Options: (a)