CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

_____________ may be defined as the total amount of goods which all the buyers of final output in the economy desire to purchase.

A
Final demand
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Aggregate demand
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Market demand
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Individual demand
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B Aggregate demand
Aggregate demand refers to the demand of the final output of the economy which all the buyers in the economy desire to purchase at a certain level of employment. This desire to purchase is backed by sufficient purchasing power given the general price level in the economy.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Expenditure Method
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon