Which of the following is an example of a macroeconomic aggregate?
A) The total cost incurred by a firm
B) The income earned by a household
C) The annual inflation rate in an economy
D) The profit earned by an entrepreneur

Question

Quizplus · Accepted Answer

The annual inflation rate is a macroeconomic aggregate because it represents the overall increase in the price level of goods and services in an economy.

A, B, and D are microeconomic aggregates because they represent financial measures at the individual or firm level instead of at the economy-wide level.

Which of the Following Is an Example of a Macroeconomic