Which of the following is a macroeconomic topic?
A)Why did production and jobs expand slowly in 2011?
B)The federal government's decision to increase the sales tax in Australia.
C)The effect of drought in South Australia on the price and quantity of wheat.
D)The federal government's decision to spend more on environmental protection.
E)General Motors decides what prices to set for its new models.

Question

Quizplus · Accepted Answer

The topic of production and jobs is a macroeconomic issue that deals with the overall performance of the economy, rather than individual businesses or industries.

Answer: B
 The decision by the federal government to increase the sales tax is a macroeconomic topic as it affects the overall economy and the level of economic activity.

Answer: D
 The federal government's decision to spend more on environmental protection is also a macroeconomic issue as it has an impact on the economy as a whole.

Therefore, the correct choices are A, B, and D.

Which of the Following Is a Macroeconomic Topic