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Homework answers / question archive / Which of the following statements pertains to macroeconomics? A

Which of the following statements pertains to macroeconomics? A

Economics

Which of the following statements pertains to macroeconomics?

A. The Pumpkin Center State Bank increased its interest rate on consumer loans by 1 percentage point.

B. The national productivity rate grew by 2.7 percent last year.

C. A decline in the price of soybeans caused farmer Wanek to plant more land in wheat.

D. Because the minimum wage was raised, Mrs. Olsen decided to enter the labor force.

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The correct answer is B. The national productivity rate grew by 2.7 per cent last year.

Explanation: Increase in national productivity means that there is an increase in the gross domestic product of the country. GDP is a macroeconomic variable that determines the total output generated by a country in a financial year. And therefore, 'national productivity rate grew by 2.7 per cent last year' pertains to macroeconomics.

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