Which of the Following Is a Microeconomic Statement

question 10

Multiple Choice

Which of the following is a microeconomic statement?

• A)Total economic output increased by 2.5 percent last year.
• B)Unemployment was 9.8 percent of the labour force last year.
• C)The price of wheat declined last year.
• D)The general price level increased by 4 percent last year.
• E)Business investment decreased by 2 percent last year.

---

Definitions:

Significance Level

A threshold chosen by researchers, below which the observed data is considered sufficiently unlikely under the null hypothesis, signaling a statistically significant result.

Training

The act of teaching or developing skills and knowledge in a particular field.

Athletes

Individuals who compete in physical sports and activities requiring skill, physical strength, and endurance.

Times

A measure or instance of duration or the sequence of events, often referred to in the context of scheduling or measuring intervals.