Macroeconomics is:
A) the study of economics at the level of the industry
B) the study of the economy as a whole
C) the study of individual households and firms and their interactions in markets
D) the study of money and financial markets
Correct Answer:
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Q10: International studies show that higher GDP per
Q11: GDP can be measured by counting final
Q12: If Canada's GDP is $1000 billion and
Q13: Capital income (profits, rental payments and interest
Q14: Over time, the three measures of GDP
Q16: Cyclical adjustments are used by statisticians to
Q17: Total transfer payments are included in GDP
Q18: Real GDP is the production of goods
Q19: According to the income-expenditure identity, the total
Q20: Nominal GDP always grows faster than real
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