The total quantity of demand for all finished products and services generated in an economy is measured as aggregate demand. Hence option C is correct.
<h3>What is aggregate demand ? </h3>
The total amount of money spent on those goods and services at a particular price level and time is known as aggregate demand.
A macroeconomic concept known as "aggregate demand" refers to the total demand for products and services during a specific time period at any given price level.
Since the two indicators are calculated in the same way, aggregate demand is equal to GDP over the long run. Aggregate demand is the desire or demand for those products, whereas GDP is the total amount of goods and services produced in an economy.
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Answer:
C) achieved impressive growth rates of real GDP per person during 1995-2009.
Explanation:
First of all, it is GDP per capita, not GDP per person.
If we want examples to prove this argument, all we need to do is look at China, India, Brazil, South Africa and even Russia (to a lower extent). These are the famous BRICS, countries that had huge growth rates during that period (1995 - 2009). After the great recession (2008 - 2010) their economic growth slowed down.
Answer:
Reagan’s claim that inflation rose sharply under Carter is supported by the data.
Explanation:
Correct on edg
The total life policies that are needed for this agreement is: 6.
<h3>What is cross-purchase agreement?</h3>
A cross-purchase agreement can be defined as a process that enables a business partners to buy a decease shares of a business and this process often depend on a life insurance policy.
Hence, the total life policies that are needed for this agreement will be 6 total life policies.
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