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An example is the abstraction of a composite good. It considers the price of one good changing proportionately to the composite good, that is, all other goods. If this assumption is violated and the agents are subject to aggregated utility functions, restrictions on the latter are necessary to yield the law of demand. The aggregation problem ...
For example, a researcher collects, collates, or compiles aggregate data through utilising multiple mechanisms of social research, including inventory, interview, an opinionnaire, and a questionnaire or schedule. Official or non-official agencies also collect and compile aggregate data on an ongoing basis through utilising infrastructures ...
Example of a basic architecture of a data warehouse. An aggregate is a type of summary used in dimensional models of data warehouses to shorten the time it takes to provide answers to typical queries on large sets of data. The reason why aggregates can make such a dramatic increase in the performance of a data warehouse is the reduction of the ...
Construction aggregate, or simply aggregate, is a broad category of coarse- to medium-grained particulate material used in construction. Traditionally, it includes natural materials such as sand, gravel, crushed stone. As with other types of aggregates, it is a component of composite materials, particularly concrete and asphalt.
In the short run, an economy-wide negative supply shock will shift the aggregate supply curve leftward, decreasing the output and increasing the price level. [1] For example, the imposition of an embargo on trade in oil would cause an adverse supply shock, since oil is a key factor of production for a wide variety of goods.
An example of a good with generally high consumer surplus is drinking water. People would pay very high prices for drinking water, as they need it to survive. The difference in the price that they would pay, if they had to, and the amount that they pay now is their consumer surplus.
For example, the S&P 500 index represents the 500 largest publicly traded U.S. companies. The Russell 2000, on the other hand, tracks the 2,000 smallest companies on the Russell 3000 index.
In other cases the aggregate cannot be computed without analyzing the entire set at once, though in some cases approximations can be distributed; examples include DISTINCT COUNT (Count-distinct problem), MEDIAN, and MODE. Such functions are called decomposable aggregation functions [4] or decomposable aggregate functions.