Which of the Following Is a Macroeconomic Statement

question 22

Multiple Choice

Which of the following is a macroeconomic statement?

• A) Motorcycle manufacturer productivity decreased by three percent in 2012.
• B) The price of cell phones decreased by 18 percent last year.
• C) Real domestic output of seafood increased 12 percent from 2011 to 2012.
• D) The U.S. inflation rate was two percent in 2012.

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Definitions:

Precision-estimates

The accuracy of an estimate in terms of how closely it predicts the actual value, often relevant in statistical analyses and forecasting.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.

Investment Project

A project or activity that involves spending capital with the expectation of future financial returns.

Firm

A firm is an organization engaged in commercial, industrial, or professional activities, aiming to generate profits from its operations.