what is mean by aggregate demand state it's component
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Aggregate demand is the overall demand for all goods and services in an entire economy. Therefore, aggregate demand equals the gross domestic product of that economy.It follows the law of demand that says people will want more good and services when prices fall.
Aggregate demand is the overall demand for all goods and services in an entire economy. Therefore, aggregate demand equals the gross domestic product of that economy.It follows the law of demand that says people will want more good and services when prices fall.
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Hi......
Aggregate demand refers to the total demand for final goods and services in the economy.
aggregate demand is also defined as ‘total amount of money which all sector of the economy are ready to spend on purchase of goods and services.
Components:
1.Household (c)
2.Private investment demand. (I)
3. Government demand for goods and services. (G)
4. Net export demand. (X-M)
Thus,
AD = C + I + G+(X-M)
hope it will help u. .. :-)
Aggregate demand refers to the total demand for final goods and services in the economy.
aggregate demand is also defined as ‘total amount of money which all sector of the economy are ready to spend on purchase of goods and services.
Components:
1.Household (c)
2.Private investment demand. (I)
3. Government demand for goods and services. (G)
4. Net export demand. (X-M)
Thus,
AD = C + I + G+(X-M)
hope it will help u. .. :-)
sona561:
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