aggregate final demand

USAGE SUMMARY

The phrase "aggregate final demand" is correct and usable in written English.
It is typically used in economic contexts to refer to the total demand for goods and services in an economy at a given time. Example: "The government is analyzing the trends in aggregate final demand to better understand consumer behavior and economic growth."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

In order to formalize the difference between the traditional input output approach and Eq. (1), Eq. (1) can be rewritten in matrix form: Z_{text{REIM}} = AX + Y (2 where A is the input output matrix and Y is a vector of aggregated final demand that also includes the impact of the exogenous variables noted in (1); the time index is omitted to simplify and all variables change in time.

Journal of Economic Structures

We relate the ranking provided by global centralities to the diffusion properties of sectors using the idea that the effect of a shock on final demand has an effect on sectoral and aggregate production.

Journal of Economic Structures

The final demand?

The New York Times - Arts

Many technological innovations replace workers with machines, but this capital-labor substitution need not reduce aggregate labor demand because it simultaneously induces four countervailing responses: own-industry output effects; cross-industry input output effects; between-industry shifts; and final demand effects.

Stanford University

Domestic final demand.

Journal of Economic Structures

We can compute total production of all individual sectors as a function of final demand and the magnitudes of the input coefficients following Eq. 3. The impact of a sector i on aggregate output is evaluated as the change in output of sectors needed to compensate a change in final demand of sector i.

Journal of Economic Structures

It is well known that a one-unit increase in the final demand in one sector induces both direct and indirect products of each sector in the economies, and that the induced value-added and imports, if aggregated for all sectors of both countries, yields the same value as all initial increases in the final demand.

Journal of Economic Structures

final demand at the domestic regional level.

Journal of Economic Structures

final demand at the country level.

Journal of Economic Structures

These people drive final demand.

Huffington Post

Investment and consumption expenditures add up to the aggregate demand for final goods output.

Encyclopedia Britannica

Expert writing Tips

Best practice

When discussing economic indicators, use "aggregate final demand" to clearly refer to the total demand for goods and services in an economy, avoiding ambiguity.

Common error

Be careful not to confuse "aggregate final demand" with the average demand. "Aggregate" refers to the total, while "average" implies a mean value. Using them interchangeably can lead to misinterpretations in economic analysis.

Linguistic Context

The phrase "aggregate final demand" functions as a noun phrase identifying the total demand for finished goods and services in an economy. Based on the Ludwig AI, it is mostly used in economics-related contents.

Expression frequency: Missing

Frequent in

Science

33%

News & Media

33%

Formal & Business

33%

Less common in

Encyclopedias

0%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

In summary, "aggregate final demand" is a noun phrase that refers to the total demand for finished goods and services in an economy. It is a grammatically correct and essential concept in economics. Ludwig AI finds that this phrase is commonly used in academic, business, and news contexts. While it is a precise term, alternatives like "total final demand" or "overall final demand" can be used. When writing, ensure that "aggregate" is not confused with "average". Understanding and accurately using "aggregate final demand" is crucial for effective economic analysis and communication.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

total final demand

Replaces "aggregate" with "total", emphasizing the completeness of the final demand.

overall final demand

Substitutes "aggregate" with "overall", focusing on the comprehensive nature of the demand.

total end demand

Uses "end demand" instead of "final demand", which is a synonymous term.

economy-wide final demand

Adds "economy-wide" to specify the scope of the final demand being considered.

domestic final demand

Specifies that the final demand is within a country's borders.

national final demand

Similar to domestic, emphasizes a country's final demand.

market final demand

Focuses on the demand within a specific market.

sectoral final demand

Highlights the final demand for a particular sector of the economy.

combined final demand

Replaces aggregate, implying addition of more than one components.

consolidated final demand

Another word for aggregate, usually implies that different sources are combined.

FAQs

How does "aggregate final demand" influence economic policies?

"Aggregate final demand" is a key indicator that governments and central banks use to assess the health of an economy. They adjust policies, such as interest rates and fiscal spending, to influence this demand and achieve desired economic outcomes.

What components typically make up "aggregate final demand"?

Common components include consumer spending, investment, government expenditure, and net exports (exports minus imports). These elements together constitute the total demand for goods and services in an economy.

What's the difference between "aggregate final demand" and "aggregate demand"?

"Aggregate demand" is a broader concept that encompasses all demand in an economy, including intermediate goods and services. "Aggregate final demand" specifically refers to the demand for finished goods and services ready for consumption or investment.

Where can I find reliable data on "aggregate final demand" trends?

Official statistics agencies such as the Bureau of Economic Analysis (BEA) in the United States or Eurostat in Europe are primary sources. Reports from international organizations like the International Monetary Fund (IMF) and the World Bank also offer insights.