What is the definition of macroeconomics?
A) changes in resource availability in the marketplace
B) the economy as a whole by looking at aggregate data
C) the activities of individual companies and products
D) the supply and demand of individual households

Question

Quizplus · Accepted Answer

Macroeconomics is the study of the economy as a whole by looking at aggregate data, such as Gross Domestic Product (GDP), unemployment rate, and inflation. It focuses on analyzing the behavior and performance of the entire economy and its major sectors, including government, households, and businesses, rather than individual companies or products. Choices A, C, and D do not accurately describe the definition of macroeconomics.

What Is the Definition of Macroeconomics