Which of the following is not considered a macro outcome?
A)The level of unemployment.
B)External shocks such as weather.
C)The average price of goods and services.
D)The year-to-year expansion in overall productive capacity.

Question

Quizplus · Accepted Answer

External shocks such as weather are considered a micro outcome because they affect specific industries or regions rather than the overall economy. The other options (unemployment level, average price, year-to-year expansion in overall productive capacity) are all macro outcomes as they relate to the broader economy as a whole.

Which of the Following Is Not Considered a Macro Outcome