The basic structure of a macroeconomic model includes the description of this feature:
A) isotherms.
B) average annual rainfall.
C) consumers' preferences over goods.
D) a herd of cows.
E) the density of cities.

Question

Quizplus · Accepted Answer

The basic structure of a macroeconomic model includes consumers' preferences over goods, as it is essential to understand how consumers allocate their income among different goods and services.

The other options listed are not relevant to macroeconomic models. Isotherms and average annual rainfall are related to climate science, a herd of cows is related to agriculture, and the density of cities is related to urban planning.

The Basic Structure of a Macroeconomic Model Includes the Description