The major determinant of the total volume of output in an economy is the?
Question
The major determinant of the total volume of output in an economy is the?Options
A)
level of wholesale prices
B)
size of the labour force
C)
level of total expenditure
D)
composition of consumer spending
Related Lesson: Determining the Highest Profit by Comparing Total Revenue and Total Cost | Perfect Competition
The correct answer is C.
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