Macroeconomic Statistics Include GDP, the Inflation Rate, the Unemployment Rate

question 190

True/False

Macroeconomic statistics include GDP, the inflation rate, the unemployment rate, retail sales, and the trade deficit.

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Definitions:

Customization

Making products to meet a particular customer’s needs or wants.

Transformation Process

The conversion of inputs (such as raw materials, information) into outputs (products or services) through a set of operations.