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aggregate demand is everything produced while simple demand is one good. which statement reflects aggregate demand?

A. calculating the total output of pistachios from Mexico
B. calculating the total output of oranges from Illinois
C. calculating the total output for Portugal

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veronicaculs

Answer:

C. calculating the total output for Portugal

Explanation:

  • Aggregate demand can be thought as the total amount of products that are demanded by individuals in an economy, in a certain period of time.
  • It is a way of measuring the total output of goods demanded in a territory, periodically.
  • Because in equilibria, aggregate demand must equal aggregate supply, thinking about total output (produced and demanded) is correct.
  • Because it has to do with all the goods that are demanded, options A and B are not suitable.

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