Prior to formulating its annual budget, the government of the Asian country of Florenesia employs a number of individuals to look into the overall productivity of the country. These individuals are responsible for studying the economy in terms of goods and services, revising some of the taxation policies, and gauging the employment rate. Given this information, these individuals are studying _____.
A)heterodox economics
B)managerial economics
C)microeconomics
D)macroeconomics

Question

Quizplus · Accepted Answer

The individuals employed by the government of Florenesia are studying the overall productivity of the country, which includes factors such as the economy, taxation policies, and employment rate. These are macroeconomic factors, which means that the individuals are studying macroeconomics. Therefore, the correct answer is D) macroeconomics.

Prior to Formulating Its Annual Budget, the Government of the Asian