Which of the following is a topic studied by macroeconomists?
A) The savings of a single household
B) The productivity of an agricultural farm
C) The total output of an economy
D) Price determination in a market

Question

Quizplus · Accepted Answer

Macroeconomists study the overall performance of an economy, including factors such as GDP, inflation, and unemployment. The total output of an economy is a key focus of macroeconomic analysis.

Option A is incorrect because the savings of a single household is a microeconomic concept, which focuses on individual behavior and decision-making.

Option B is also incorrect because the productivity of an agricultural farm is a microeconomic concept, which focuses on the production and costs of individual firms.

Option D is incorrect because price determination in a market is a microeconomic concept that focuses on supply and demand in a specific market.

Which of the Following Is a Topic Studied by Macroeconomists