What Is the Definition of Macroeconomics

question 37

Multiple Choice

What is the definition of macroeconomics?

• A) changes in resource availability in the marketplace
• B) the economy as a whole by looking at aggregate data
• C) the activities of individual companies and products
• D) the supply and demand of individual households

---

Definitions:

Prime Working Age

The age range typically considered to be the most productive and economically active period in an individual's life, often defined as 25 to 54 years.

Teenagers

Young people whose age falls within the range from 13 to 19 years.

Labor-Force Participation

The fraction of the population of working age that is engaged in employment or in the search for a job.

Prime Working Age

The age range typically considered most productive and desirable for employment, often defined as 25 to 64 years.