Which of the following is a topic of macroeconomics?
A) the income earned by a person
B) the profit earned by a firm
C) production in the computer industry
D) the price of ice cream
E) the number of unemployed people in the economy

Question

Quizplus · Accepted Answer

Macroeconomics deals with the overall performance and behavior of the economy, including issues such as unemployment, inflation, and gross domestic product. The number of unemployed people in the economy is a macroeconomic concept as it relates to the overall health of the labor market and the economy as a whole. Choices A, B, C, and D are examples of microeconomics as they focus on individual entities (the income of a person, the profit of a firm, production in a specific industry, and the price of a specific good).

Which of the Following Is a Topic of Macroeconomics