Which of the Following Is NOT One of the Four

question 15

Multiple Choice

Which of the following is NOT one of the four major concerns of macroeconomics?

• A) the balance of payments
• B) the circular flow of income
• C) the percentage increase in prices
• D) the rate of economic growth

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Definitions:

Nominal

A type of data that represents categories without any intrinsic order or ranking among them.

Level Of Measurement

Refers to the different ways in which variables or data points can be quantitatively and qualitatively categorized.

Frequency Distribution

An overview or tabulation of a dataset that shows the number of individuals or occurrences in each non-overlapping category or class range.

Sample

A subset of individuals or observations selected from a population for the purpose of analysis.