Which of the following is a macroeconomic concern?
A) the unemployment rate in a specific industry
B) the national output of the United States
C) wage levels in specific industries
D) the operation of an individual firm

Question

Quizplus · Accepted Answer

Macroeconomics deals with the overall performance and behavior of an economy at the national level, including factors such as national output, inflation, and economic growth. Therefore, option B is the correct choice as it focuses on the national output of the United States, which is a macroeconomic concern. Options A, C, and D are microeconomic concerns as they focus on specific industries, wage levels, and individual firms, respectively.

Which of the Following Is a Macroeconomic Concern