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Definition of

aggregate output

Economics

all goods and services produced in economy the total value of all the goods and services produced in an economy.

Related definitions of "aggregate output"

Recommended Further Reading (Term count)
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    by Riccardo Rebonato
    “All models are wrong, but some models are useful.” AnonQuantitative models have come under intense scrutiny in the wake of the recent, and still unfolding, financial crisis. And justly so, as the way models have been used in these turbulent times has left a lot to be desired. Much of the criticism, however, has been misplaced, and, often, not even reasonably well-informed. The conspiracy theorists, for instance, who see in the blind acceptance...

Definitions of ’aggregate output’ and meaning of ’aggregate output’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’aggregate output’ and other financial terms with our online QFINANCE Financial Dictionary.

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