Which of the Following Statements Pertains to Macroeconomics

question 161

Multiple Choice

Which of the following statements pertains to macroeconomics?

• A) Because the minimum wage was raised, Mrs. Olsen decided to enter the labor force.
• B) A decline in the price of soybeans caused farmer Wanek to plant more wheat.
• C) National income grew by 2.7 percent last year.
• D) The Pumpkin Center State Bank increased its interest rate on consumer loans by 1 percentage point.

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Definitions:

Standard Deviation

A statistical measure that quantifies the variation or dispersion of a set of data points or investment returns.

Arithmetic Return

The simple average of a series of periodic returns of an investment.

Investment

The action of allocating resources, usually money, with the expectation of generating an income or profit.

Population

The total number of individuals within a specific area or of a particular species or group.