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

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsDetermination of Income and Employment3 Marks
Question
What is aggregate demand? State its components.
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Answer

Aggregate demand refers to the value of final goods and services which all sectors of an economy are planning to buy during a year.Components:
  1. Private final consumption expenditure.
  2. Governmental final consumption expenditure.
  3. Investment expenditure.
  4. Net exports.

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