Statistics Such as GDP, the Unemployment Rate, the Rate of Inflation

question 11

Multiple Choice

Statistics such as GDP, the unemployment rate, the rate of inflation and the trade balance are:

• A)both microeconomic and macroeconomic
• B)neither macroeconomic nor microeconomic, but properly in the realm of political science
• C)microeconomic, since they affect individual households and firms
• D)macroeconomic, since they tell us something about the entire economy

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Definitions:

Financial Inability

The lack of sufficient financial resources to meet basic needs or to invest in opportunities.

Amniocentesis

A procedure in which fluid is withdrawn from a woman’s abdomen and analyzed for abnormalities in the fetus.

Downs Syndrome

A genetic disorder caused by the presence of all or part of a third copy of chromosome 21, characterized by physical growth delays and mild to moderate intellectual disability.

Amniotic Sac

A fluid-filled sac that surrounds and protects a fetus in the uterus during pregnancy.