Which headline would be most closely related to what macroeconomists study?
A) The inflation rate rises from 5 percent to 5.5 percent.
B) The price of gold grows by 3.1 percent in the third quarter.
C) The number of tourists visiting Canadian national parks has declined.
D) The price of oranges rises after an early frost.
Correct Answer:
Verified
Q1: In a simple circular-flow diagram, how are
Q6: What does the simple circular-flow diagram illustrate?
A)
Q8: What is the goal of macroeconomics?
A) to
Q9: Why does expenditure equal income?
A) because firms
Q15: Which statistic is the best single measure
Q17: How should Robert's contributions to GDP be
Q18: If GDP rises, what happens?
A) Income and
Q24: How are intermediate goods accounted for when
Q25: How are grapes treated in GDP terms?
A)
Q30: How are intermediate goods treated in GDP
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