Which of the Following Is a Microeconomic Statement

question 192

Multiple Choice

Which of the following is a microeconomic statement?

• A) The real domestic output increased by 2.3 percent last year.
• B) Unemployment was 6.5 percent of the labor force last year.
• C) The price of personal computers declined 4.7 percent last year.
• D) The general price level increased by 3.1 percent last year.

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Definitions:

Genetic Abnormalities

Deviations from the normal sequence of genes that can lead to medical or physical issues.

Cystic Fibrosis

A genetic disorder that affects the lungs and digestive system, characterized by the production of thick, sticky mucus that can lead to respiratory and digestive problems.

Diabetes

A group of diseases that affect how the body uses blood glucose, often leading to chronic health issues.

Phenylketonuria

A genetic disorder characterized by the inability of the body to process the amino acid phenylalanine, leading to harmful levels in the blood and brain if untreated.