total economy

USAGE SUMMARY

The phrase "total economy" is correct and usable in written English.
It can be used when discussing the overall economic system of a country or region, encompassing all economic activities and sectors. Example: "The total economy of the nation has shown significant growth over the past decade, driven by advancements in technology and increased trade."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

56 human-written examples

It accounts for 40percentt of South America's total economy.

The New York Times

Spain Spain spends forty-two per cent of their total economy on government.

The New Yorker

He added: "But with Obamacare, that would take government to almost half of the total economy".

The New York Times

Spain -- Spain spends 42 percent of their total economy on government.

The New York Times

I would certainly love to see the unpublished time series for total economy hours.

The Economist

Meanwhile, corporate profits have soared both in absolute numbers and as a share of the total economy.

The New York Times

"As a fraction of the total economy, that will be one seventh as much as Denmark gives now," he said.

The New York Times

It peaked at 6.3percentt of the total economy in late 2005, and is now down to 4.5percentt.

The New York Times

"It is true not only for the total economy, but also for the individual industries and even individual companies".

The New York Times

The United States economy, as a percentage of the world's total economy, is considerably smaller than it was in 1985.

The New York Times

Its productive capacity keeps soaring, but Chinese consumers are taking home a shrinking proportion of the total economy.

The New York Times

Expert writing Tips

Best practice

When using "total economy", ensure the context clearly defines the geographic or political boundaries to which the economy refers (e.g., "the total economy of Spain").

Common error

Avoid using "total economy" interchangeably with Gross Domestic Product (GDP). GDP is a specific metric used to measure the size of the economy, while "total economy" is a more general term referring to all economic activities.

Linguistic Context

The phrase "total economy" functions as a noun phrase, typically serving as the subject or object in a sentence. Ludwig AI indicates that this phrase is used to describe the entirety of economic activities within a specific region or country. For instance, it is used to quantify sectors contributions.

Expression frequency: Very common

Frequent in

News & Media

62%

Science

22%

Formal & Business

16%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, the phrase "total economy" is a grammatically sound and frequently used term to describe the entirety of economic activities within a specified region or country. As Ludwig AI confirms, this phrase appears most often in news and media, science, and formal business contexts. Alternatives include "aggregate economy" and "overall economy". When using this term, it's important to clearly define the geographic or political boundaries to which it refers and not to confuse it with specific economic metrics like GDP. This understanding ensures clarity and accuracy in economic discussions.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

aggregate economy

This term is more formal and technical, emphasizing the combined economic activity.

overall economy

This phrase provides a general overview, focusing on the complete economic situation.

entire economy

This emphasizes the inclusion of all sectors and aspects of the economy.

national economy

This specifies that the economy being discussed is at the country level.

economic system

This refers to the organizational structure and mechanisms of the economy.

economic structure

This highlights the arrangement and interrelation of different sectors within the economy.

macroeconomy

This term is specific to the study of the economy at a large scale, focusing on aggregate variables.

economic output

This refers to the total value of goods and services produced by the economy.

gross domestic product

GDP is a specific measure of the total value of goods and services produced within a country's borders.

economic landscape

This phrase uses a metaphor to describe the economic environment and its various components.

FAQs

How can I use "total economy" in a sentence?

You can use "total economy" to describe the overall economic activity of a region or nation. For example, "Consumer spending accounts for a significant portion of the "total economy"."

What's a good alternative to "total economy"?

Depending on the context, alternatives to "total economy" include "aggregate economy", "overall economy", or "national economy".

Is "total economy" the same as "GDP"?

"Total economy" is a broad term referring to all economic activities, while Gross Domestic Product (GDP) is a specific measure of the value of goods and services produced. They are related but not interchangeable.

How does government spending affect the "total economy"?

Government spending can significantly impact the "total economy" by stimulating demand, creating jobs, and influencing economic growth. Policies like infrastructure investment or tax cuts can have widespread effects.