Which of the Following Is a Macroeconomic Measurement Used to Gauge

question 14

Multiple Choice

Which of the following is a macroeconomic measurement used to gauge macroeconomic activity?

• A) Net domestic product
• B) National income
• C) Personal income
• D) Disposable income
• E) all of the above

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Definitions:

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is not achievable.

Revenue

The total amount of money received by a company for goods sold or services provided during a certain time period.

Deadweight Loss

The loss of economic efficiency when the equilibrium in a market is not achieved or is unachievable, leading to a potential loss of social welfare.

Excise Tax

A tax charged on specific goods and services, such as tobacco, alcohol, and gasoline.