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Indian Economy - Understanding the basics of Indian economic system
The total demand for goods and services in an economy is known as:
National demand.
Economy-wide demand.
Gross national product.
Aggregate demand.
Aggregate demand is an economic measurement of the total amount of demand for all finished goods and services produced in an economy. Aggregate demand is expressed as the total amount of money exchanged for those goods and services at a specific price level and point in time. Hence option 4th is correct.
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