Statistics such as GDP, the unemployment rate, the rate of inflation and the trade balance are:

Question

Quizplus · Accepted Answer

Statistics such as GDP, unemployment rate, rate of inflation, and trade balance provide information about the overall performance of the economy, and therefore, fall under the domain of macroeconomics. Although these statistics can affect individual households and firms, they are not microeconomic variables, which are concerned with the behavior of individual consumers, firms or industries.

Statistics Such as GDP, the Unemployment Rate, the Rate of Inflation