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:

Self-Regulation

An individual’s ability to prevent himself or herself from making a dominant, preferred or automatic response in order to perform a nondominant response, such as when a hungry person is served food at a restaurant but waits to eat until everyone at the table has been served.

Precursor

An element, condition, or event that precedes and indicates the approach of something.

Recognition Skills

are the abilities to identify and acknowledge information, objects, or situations based on previous experiences or knowledge.

Infants

Very young children or babies, typically those under one year of age, who are in the earliest stages of development.