Which of the following is a topic studied in macroeconomics?
A) How the wheat industry determines how much wheat to grow.
B) The effect on economic growth if the government raises taxes.
C) The impact of higher prices for petrol on the number of SUVs people buy.
D) The pricing decisions in the computer hardware industry.
E) The impact of labour unions on wages.

Question

Quizplus · Accepted Answer

Macroeconomics deals with the overall functioning and performance of the economy, including GDP, inflation, employment, and government policies such as taxes. The effect of government raising taxes on economic growth is a topic studied in macroeconomics. The other options relate to microeconomics, which focuses on specific markets and industries.

Which of the Following Is a Topic Studied in Macroeconomics