The amount of goods and services created in a given period of time

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Stephen Goodwin

31 March, 12:04

The amount of goods and services created in a given period of time

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Adriel · Answer 1

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Aggregate Output

In Economics, The Aggregate Output is defined as the total quantity of goods and services produced by an economic system during a given period of time. This means that the aggregate output is an economy's total productivity, which goes hand to hand with the GDP, with GDP acting as the practical application of the theory of aggregate output.