找回密碼

想起密碼去登錄

綁定手機號

依據《網絡安全法》為保障您
相關功能的正常使用，賬號需綁定手機

密碼登錄

微信登錄

微信掃描二維碼登錄“幫考網”

還沒賬號？立即注冊

微信登錄

短信登錄
密碼登錄

登錄即代表同意《用戶協議》和《隱私政策》

還沒賬號？立即注冊

Aggregate Output and Income

幫考網校2020-08-05 14:53:08

Aggregate output refers to the total amount of goods and services produced by an economy in a given period of time, usually a year. It is measured by Gross Domestic Product (GDP), which includes all final goods and services produced within a country's borders, regardless of who owns the productive assets.

Aggregate income, on the other hand, refers to the total amount of income earned by all factors of production (land, labor, capital, and entrepreneurship) in an economy in a given period of time. It includes wages and salaries, profits, rents, and interest earned by households, businesses, and the government.

Aggregate output and income are closely related as they both measure the overall economic activity of a country. When aggregate output increases, it leads to an increase in aggregate income as more goods and services are produced, resulting in higher wages and profits. Similarly, when aggregate income increases, it leads to an increase in aggregate demand, which in turn stimulates production and leads to an increase in aggregate output.