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Determination of Income and Employment — Economics STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEconomicsDetermination of Income and Employment3 Marks
Question
Define aggregate demand. State its components.
✓

Answer

Total demand for goods & services in an economy is called aggregate demand. Its components are:
  1. Private consumption.
  2. Private investment.
  3. Govt. expenditure.
  4. Net exports.

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