Macroeconomics Is the Study of How Certain Occurrences Affect the Economy

question 96

True/False

Macroeconomics is the study of how certain occurrences affect the economy as a whole.

---

Definitions:

Generates Revenue

Activities or processes that result in the earning of income for a business through the sale of goods or services.

Incurs Costs

To undergo or suffer expenses during the execution of activities or operations.

Profit Center

A business segment or department within an organization that is responsible for generating its own revenue and thereby directly impacting profitability.

Responsibility Center

A department or unit within an organization that is accountable for specific activities and performance, with its performance measured against planned objectives.