Question

How is the issue of estimating the aggregate output of different types of commodities solved ??
Class-10
PLEASE ANSWER FAST
IT IS REALLY IMPORTANT

Answer 1

The aggregate output is determined by the prices of goods, total demand, government policies, taxes, capital and more. The demand of goods and services increases when the income of the people goes up

Explanation:

• The aggregate output of different types of commodities are dependent on the productivity level, human services employed, technology level, prices of the input, government policies, taxation and more. When the prices of the inputs rise, along with the wages and other factors there is decrease in the aggregate supply of goods.
• The aggregate output  of the economy is calculated as the total GDP of the economy in regards to the productivity of the economy. The productivity or total output is measured with total production of goods and services over a certain time
• The total output of different commodities depends on the law of demand where people will purchase more goods and services when there is a fall in price. The total demand depends on the spending by the people, investment by the business, 'government spending' and export of goods.

To know more about aggregate output

The equilibrium quantity of aggregate output occurs when _______

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Answer 2

Answer:

The aggregate output of different types of commodities are dependent on the productivity level, human services employed, technology level, prices of the input, government policies, taxation and more. When the prices of the inputs rise, along with the wages and other factors there is decrease in the aggregate supply of goods.

The aggregate output  of the economy is calculated as the total GDP of the economy in regards to the productivity of the economy. The productivity or total output is measured with total production of goods and services over a certain time

The total output of different commodities depends on the law of demand where people will purchase more goods and services when there is a fall in price. The total demand depends on the spending by the people, investment by the business, 'government spending' and export of goods.

Explanation:

Hope it helps u

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