Which of the following is a macroeconomic concern? Select one: a

Economics Dec 13, 2020

Which of the following is a macroeconomic concern? Select one:

a. the operation of an individual firm

b. wage levels in specific industries

c. the unemployment rate in a specific industry

d. the national output of the United States

Expert Solution

The correct answer is (d). the national output of the United States

Macroeconomics study the economy as a whole. The national output (Gross Domestic Product, GDP) is a macroeconomic variable that measures aggregate output of the whole U.S economy.

The study of individual units in the economy, as in choices (a), (b) and (c) are microeconomics.

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