Macroeconomics Focuses On

question 35

Multiple Choice

Macroeconomics focuses on:

• A)the major issues facing the national economy that do not affect individuals.
• B)the smaller economic units such as individual consumers and individual businesses operatingwithin an economy.
• C)the major issues facing the national economy that may seem abstract but directly affect an individual's day-to-day life.
• D)the economics of private companies.

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Definitions:

Disposable Income

Financial allocations for households' spending and saving activities post-income tax deductions.

Savings

Funds that are set aside for future use rather than being spent immediately, often placed in accounts that earn interest.

Consumption

The use of goods and services by households or individuals, typically referring to the final use that directly satisfies human needs or wants.

Disposable Income

Money freed up for households to allocate towards savings and spending after income tax removal.