Which of the Following Is a Macroeconomic Statement

question 38

Multiple Choice

Which of the following is a macroeconomic statement?

• A) Severe drought in the prairies has increased the price of wheat.
• B) Technological improvements have lowered prices in the automobile industry.
• C) The provincial government of British Columbia has increased tuition fees.
• D) The unemployment rate in Canada is expected to decline over the next two years.
• E) Hurricanes in Florida lead to greater exports of soft wood lumber from Canada to the U.S.

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Definitions:

Unadjusted Trial Balance

A listing of all the accounts and their balances from a company's general ledger before any adjusting entries are made for accounting purposes.

Cash Account

A cash account is a brokerage account that requires the investor to pay the full amount for securities purchased and to receive full delivery of the securities sold.

Two-Column Journal

A fundamental accounting record with two columns used for debits and credits to record financial transactions.

Debit

An accounting entry that increases an asset or expense account, or decreases a liability or equity account. It is positioned on the left side of an account ledger.