Which Headline Is About Macroeconomics

question 12

Multiple Choice

Which headline is about macroeconomics?

• A) Consumers switching from minivans to hybrids
• B) Chapters/Indigo bookstores fight tax on e-commerce
• C) Unexpected freeze in Nova Scotia will make blueberry pie more expensive in the Maritimes
• D) Japan's economy still stagnating
• E) Farmers avoiding pesticides

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Definitions:

Total Product

The overall amount of products or services generated by a company during a specified timeframe.

Average Product

The output per unit of input, calculated by dividing total output by the total quantity of input.

Production Technology

Techniques, equipment, and software used in the production of goods and services.

Quantitative Relationship

A relationship that can be expressed as a mathematical equation, showing how changes in one variable affect another quantitatively.