The phrase "aggregate consumption" is correct and usable in written English.
It is typically used in economic contexts to refer to the total amount of goods and services consumed by households in a specific period.
Example: "The report indicated that aggregate consumption has increased significantly over the last quarter, suggesting a rise in consumer confidence."
Alternatives: "total consumption" or "overall consumption".
For other utility functions, which lead to nonlinear marginal utility, aggregation does not generally lead to an aggregated SDF that is linear in aggregate consumption.
Macroeconomists are interested in aggregate consumption for two distinct reasons.
In fact, global demand is stable and aggregate consumption in India and China is down.
The temporary transfers created little or no increase in aggregate consumption or, in turn, in jobs.
First, aggregate consumption determines aggregate saving, because saving is defined as the portion of income that is not consumed.
Second, since consumption expenditure accounts for most of national output, understanding the dynamics of aggregate consumption expenditure is essential to understanding macroeconomic fluctuations and the business cycle.
The most dramatic global increase in aggregate consumption is occurring in parts of the world where people who build roads are trying to keep pace with people who buy cars.
"Rising inequality and slow income growth for the vast middle class have harmed the U.S. economy — namely, by encouraging many families to borrow beyond their means to try to maintain their consumption, and by reducing aggregate consumption".
If only 30% of this is recoverable by present and future technologies, it is enough to meet current aggregate consumption for America and Canada for the next 100 years.
In macroeconomic models the consumption function tracks total aggregate consumption expenditures; for simplicity it is assumed to depend on a basic subset of the factors economists believe are important at the household level.
Because aggregate saving feeds through the financial system to create the national supply of capital, it follows that aggregate consumption and saving behaviour has a powerful influence on an economy's long-term productive capacity.
