Aggregate demand (AD) is the sum of consumption, investment,government spending
ID: 1239400 • Letter: A
Question
Aggregate demand (AD) is the sum of consumption, investment,government spending and
Marginal benefit is the increment to total benefitderived from consuming an additional unit of
good or service.
1. T
2. F
Gross domestic product is a measureof:
1. The total market value of all finalgoods and services produced in one year.
2. The price level of goods and servicessold in one year.
Marks : 1
3. The total amount of refrigerators,washing machines and other household appliances
produced in one year.
4. The total amount of goods andservices produced by private companies in one year.
Explanation / Answer
Aggregate demand (AD) is the sum of consumption, investment,government spending and NetExport.
Marginal benefit is the increment to total benefitderived from consuming an additional unit of
good or service. T
1. The total marketvalue of all final goods and services produced in oneyear.