Which of the Following Is a Macroeconomic Statement

question 176

Multiple Choice

Which of the following is a macroeconomic statement?

• A)The gross profits of all Canadian businesses were $70 billion last year.
• B)The price of beef declined by 3 percent last year.
• C)General Motors' profits increased in 2012.
• D)The productivity of steelworkers increased by 1 percent in 2012.

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Definitions:

Plant Assets

Long-term physical assets used in the operating activities of a business, such as machinery, buildings, and equipment.

Current Period

Refers to the specific time frame, such as a month, quarter, or year, currently under consideration or analysis.

Goodwill

An intangible asset that arises when a company acquires another company for a price higher than the fair market value of its net identifiable assets.

Accelerated Depreciation

A method of depreciation that allocates larger depreciation charges to the earlier years of an asset’s life and smaller charges to later years.