Which of the Following Is a Macroeconomic Question

question 142

Multiple Choice

Which of the following is a macroeconomic question?

• A) How many textbooks should be published by a publisher?
• B) How much should English majors earn after college?
• C) How do members of a household decide whether to clean their own houses or hire someone else to do it?
• D) What is the rate of unemployment?
• E) What is the price of a new 40-inch television?

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Definitions:

Account Nature

Refers to the classification of an account as either an asset, liability, equity, revenue, or expense, which dictates its role and presentation in financial statements.

Normal Balance

The side of an account on which increases are recorded, typically the debit side for assets and expenses, and the credit side for liabilities, equity, and revenue.

Account Nature

The characteristic of an account that classifies it as an asset, liability, equity, revenue, or expense.

Periodic Inventory Method

An accounting method where inventory and cost of goods sold are calculated at set intervals, such as yearly or quarterly.