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CIMAPRA17-BA1-1 Exam - Topic 1 Question 1 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam

Question #: 1
Topic #: 1

[All CIMAPRA17-BA1-1 Questions]

Which of the following best defines ''aggregate supply''?

AThe stock of output available for sale in an economy

BThe full employment level of output of the economy

CThe flow of goods and services produced by an economy during the year

DThe level of prices at which output can be sold in an economy

Show Suggested Answer

Suggested Answer: C

by Colette at May 09, 2022, 05:10 PM

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Tamesha

10 months ago

I thought it was related to full employment levels. Surprised it's not!

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Isidra

10 months ago

Wait, isn't aggregate supply just about prices? Seems off.

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Jaime

11 months ago

Definitely A! That’s the standard definition.

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Daryl

11 months ago

I think it's more about the flow of goods produced, right?

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Louis

11 months ago

Aggregate supply is all about the total output available for sale.

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Geraldo

11 months ago

Hmm, this looks like a hex string, so I'm guessing it's either Binary or Charcode. I'll have to think this through carefully.

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Mary

11 months ago

I'm feeling pretty confident about this one. The solution lays it out nicely, and I've done similar things before. As long as I follow the steps carefully, I think I'll be good to go.

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