Which of the following is a macroeconomic concept?
A) The income per capita of a country
B) The average revenue earned by a firm
C) The degree of responsiveness of the quantity supplied of a good to its price
D) The total satisfaction derived from the consumption of a good

Question

Quizplus · Accepted Answer

Income per capita is a macroeconomic concept as it relates to the overall economic performance of a country and the distribution of income among its population. This is in contrast to choices B, C, and D which are microeconomic concepts that relate to individual firms, individual goods, and individual consumer preferences, respectively.

Which of the Following Is a Macroeconomic Concept