aggregate production
[/ˈæɡrɪɡət prəˈdʌkʃən/]
noun
produção agregada
1. The total output of goods and services produced by an economy at a given price level during a specific period
Aggregate production increased by 3% this quarter, indicating economic growth.
A produção agregada aumentou 3% neste trimestre, indicando crescimento econômico.
2. In macroeconomics, the combined productive output of all firms, industries, and sectors within a country
Government policies aim to stimulate aggregate production during economic downturns.
As políticas governamentais visam estimular a produção agregada durante recessões econômicas.
3. The sum of all goods and services produced within an economy, measured at market prices
Aggregate production levels are closely monitored by central banks to guide monetary policy.
Os níveis de produção agregada são monitorados de perto pelos bancos centrais para orientar a política monetária.
This is a specialized economic and financial term widely used in both American and Brazilian macroeconomic policy discussions, academic research, and central bank communications. It is fundamental to understanding GDP calculations and economic policy decisions in both countries.
Related Idioms & Phrases
aggregate production function
aggregate production capacity
short-run aggregate production
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