Which of the Following Is a Macroeconomic Topic

question 128

Multiple Choice

Which of the following is a macroeconomic topic?
i. China increases interest rates to slow its economic growth.
ii. Parliament lowers tax rates to try to lower the unemployment rate.
iii. Nissan decides to produce more electric Leaf models and fewer Altima sedans.

• A) ii and iii
• B) i and iii
• C) iii only
• D) i and ii
• E) i only

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Definitions:

Personal Income

Income received by household, including both earned income and transfer payments.

Residential Structure

A building designed for people to live in, which includes houses, apartments, condos, and other dwellings.

Investment

The allocation of resources (money, effort, time) into assets with the expectation of earning a profit.

GDP

A country's economic activity is measured by its Gross Domestic Product, which aggregates the total value of goods and services made during a particular time.