Identify Whether the Following Issues Are Macroeconomic or Microeconomic and Explain

question 106

Essay

Identify whether the following issues are macroeconomic or microeconomic and explain why you categorized them in that way.
(A)The growth rate of real GDP
(B)A government policy that guarantees a minimum price of agricultural goods
(C)A tax on restaurant meals
(D)A government policy to affect the increase in the overall price level

---

Definitions:

Compromise Close

A sales closing technique where the seller and buyer agree on a mutually beneficial solution to overcome any remaining objections to the sale.

Vacuum-laminating Machine

Equipment used to bond layers of materials together using vacuum pressure and adhesive, commonly in manufacturing and woodworking.

Unable to Close

A situation where a salesperson fails to complete a sale transaction, often due to unresolved customer objections or other barriers.

Prospect Response

The reaction or feedback from a prospective buyer upon receiving a sales pitch or proposal.