The excise tax rate on tobacco products c. A government subsidy on white bread d. The primary budget balance e. All of the above options are correct. d. Whether government can implement a policy that will eliminate unemployment. Input prices determine how … Macroeconomic questions are those that affect the entire economy of a country and not just a part of it. Yahoo ist Teil von Verizon Media. Aggregate worker productivity decreased by 3 percent in 2012. Total spending in the economy consists of consumption spending by households plus investment spending by firms plus government spending plus net spending by the … Which of the following is a macroeconomic statement? Which of the following is NOT a macroeconomic statement? B. Multiple Choice. C. The price of cell phones decreased by 18 percent last year. Which of the following is NOT a macroeconomic statement - 00246077 Tutorials for Question of Economics and General Economics A. Which of the following statements about macroeconomic equilibrium is the most accurate? B) The United States produces more services than goods. You are to examine these two statements carefully and select the answers to these items using the code given below : Code : Statement I : India supports the development and use of the Chabahar Port in Iran. The price of beef declined by 3 percent last year. B) The Federal Reserve lowered interest rates at their last meeting. D) Aggregate worker productively decreased by … Which of the following is NOT a macroeconomic statement? A. C. The price of personal computers declined last year. B)could be a reward but could not be a penalty. View desktop site. Efficient outcomes have the possibility of making everyone better off. C. Macroeconomics is not concerned with the choices of individual consumers. Which of the following is a true statement about self-interest as used in the study of economics? A country's standard of living and its … Answer A) The unemployment rate for the United States rose to 5 percent in the last quarter. A. Which of the following is a macroeconomic instrument of fiscal policy? b. Which B. Price stability is not a desirable goal in a market economy, because prices need to be flexible to reflect changes in supply and demand. The price of beef declined by 3 percent last year. Which of the following is a macroeconomic statement? A. Sie können Ihre Einstellungen jederzeit ändern. People may appear to use rules of thumb, as suggested by the assumption of bounded rationality, even though they may really be behaving in a manner suggested by the rationality assumption if Which of the following is NOT a macroeconomic statement? D. Do you or do you not agree with this statement? C) Congress increased the minimum wage rate in January. The reasons for the rise in average prices C. Whether the army should buy more tanks or more rockets The federal government should spend more on AIDS research. Privacy The Federal Reserve lowered interest rates at its last meeting. B. The pursuitContinue reading C. General Motors' profits increased last year. O A. Macro economics deals in the study of economics as a whole. Statement II : India does not subscribe to Western sanction on energy trade with Iran. Don't agree, because there is a lot more to the study of macroeconomics than the sum of its individual microeconomic parts. c. The effect that a new "police action" such as in Afganistan will have on national income. a. A.issues relating to the balance of payment B.the determination of prices in the agricultural sector C.the relationship between in inflation and unemployement D.the possible effect of budget deficit increases on level of investment CHAPTER 1 - The Measurement of Macroeconomic Performance TUTORIAL 1 Section A: Multiple Choice Questions 1. The gross profits of all U.S. businesses were $182 billion last year. Für nähere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklärung und Cookie-Richtlinie. a. The real domestic output increased by 2.5 percent last year. Economic growth in South Africa. C) C. Gross domestic product in Peru increased 4 percent from 2011 to 2012. & B. Dies geschieht in Ihren Datenschutzeinstellungen. C)could be either a reward or a penalty. c) Global production per capita increased between 1960 and 2006. d) Economic development is normally accompanied by increasing labor productivity. © 2003-2021 Chegg Inc. All rights reserved. c)The productivity of hospitality workers increased by 1% in 2016. Which one of the following statements is FALSE? Which one of the following statements is NOT true about the general dividend valuation model? Which of the following is a macroeconomic topic? D. The productivity of steelworkers increased by 1 percent last year. 19. Which of the following is not a macroeconomic statement? Aggregate worker productively decreased by 3 percent in Which of the following is a macroeconomic statement? b. Question: Which of the following is a positive macroeconomic statement: a. C. Gross domestic product in Peru increased 4 percent from 2011 to 2012. a) The macroeconomic goal of sustainability concerns limiting the negative consequences of the business cycle. Thanks to everybody for their help:) However, if money inflation is 5% then the change in real GDP is somewhat less than that. Which of the following is a microeconomic concern? D. The general price level increased by 4 percent last year. D) Aggregate worker productively decreased by … The most efficient outcome is the one with the greatest economic surplus. b)The government should reduce the tax burden to help small business. aus oder wählen Sie 'Einstellungen verwalten', um weitere Informationen zu erhalten und eine Auswahl zu treffen. Directions : statement I and statement II. Question 34 2 points Save Answer Which one of the following statements is false? government ownership of the major industries. B. asked Jul 4, 2016 in Economics by RogerRabbit. Malthus argued that charity and government aid was an effective way to reduce poverty. Start studying Macroeconomics Exam 2 Multiple Choice. D. The U. D. A. Which Of The Following Is NOT A Macroeconomic Statement? Whether Microsoft is a monopoly or not. 18. Which of the following is NOT a macroeconomic statement? Which of the following is not a macroeconomic statement? D. The productivity of steelworkers increased by 1 percent last year. The bank rate b. Answer A) The unemployment rate for the United States rose to 5 percent in the last quarter. a. C) Congress increased the minimum wage rate in January. No one is looking out for the economic well-being of society as a whole. b) Living standards growth may be achievable even in the absence of economic growth. a. The price of cell phones decreased by 18 percent last year. Identify the macroeconomic issue among the following statements. … C. In long run macroeconomic equilibrium, actual GDP is equal to potential GDP. The price of steel declined by 3% last year. C. Gross domestic product in Peru increased 4 percent from 2011 to 2012. Wir und unsere Partner nutzen Cookies und ähnliche Technik, um Daten auf Ihrem Gerät zu speichern und/oder darauf zuzugreifen, für folgende Zwecke: um personalisierte Werbung und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr über die Zielgruppe zu erfahren sowie für die Entwicklung von Produkten. Damit Verizon Media und unsere Partner Ihre personenbezogenen Daten verarbeiten können, wählen Sie bitte 'Ich stimme zu.' Industrial production b. Therefore, it does not deal in individual variables like X and Co , it is micro approach because micro deals with individual part of the society. The government should reduce the tax burden to help small business. The gross profits of all U.S. businesses were $182 billion last year. Which of the following statements does not apply to a market economy? a. Whether a new governmental policy is inflationary or not. 1) 2)The most fundamental economic problem is A)security. Which of the following is a positive macroeconomic statement: a. price of cell phones decreased by 18 percent last year. B) The Federal Reserve lowered interest rates at their last meeting. C) The percentage of people producing goods in the United States has steadily increased over the last 60 years. According to the World Commission on Environment and Development, sustainable development encompasses the assurance that changes “meets the needs of the present without compromising the ability of future generations to meet their own needs” (Brundtland (1987, p.8). Learn vocabulary, terms, and more with flashcards, games, and other study tools. If all the households and businesses in the economy start saving more during economic hard times, that results in a fall in aggregate income hurting everyone in the economy. U.S. inflation rate was two percent in 2012. Why plumbers earn more than janitors B. A. Indicate which of the following statements represent positive analysis (analysis concerned with what is) and which represent normative analysis (analysis concerned with what ought to be). Which of the following statements is FALSE regarding economic efficiency? Public Economics 3D The public sector and the economy Tutorial worksheet 11 1. D. Which of the following is not a characteristic of the free market system? A. The gross profits of all U.S. businesses were $182 billion last year. B. Which of the following is not a macroeconomic statement? A) The U.S. inflation rate was two percent in 2012. B. Which of the following statements is true? Firms decide whom to hire and what to produce. Workshop 2 solution Math137-W16-Final-Exam-Review Multiple Choice Questions Chapter 8 Household Behaviour Multiple Choice Questions Chapter 10 Output and Costs Multiple Choice Questions Chapter 12 Monopoly MEST10711 MENA Revision Notes Which one of the following statements is correct? b. Unemployment was 6.8 percent of the labor force last year. Income tax determines how households expenditure changes. Which of the following is a macroeconomic statement? D) Which of the following is not a macroeconomic statement? b. The price of cell phones decreased by 18 percent last year. B. B. A) The U.S. inflation rate was two percent in 2012. Gross Domestic Product (GDP) is the total market value of all. D. The U.S. inflation rate was two percent in 2012. Firms decide whom to hire and what to produce. D. The productivity of steelworkers increased by 1 percent last year. Which of the following is NOT a macroeconomic statement? A. Macroeconomics is not concerned with scarcity. Conflicts between objectives mean that macroeconomic policy can never be regarded as successfulC . The average cost of producing electricity nationally is rising. C) Gross domestic product in Peru increased 4 percent from 2011 to 2012. The unemployment rate for the United States rose to 5 percent in the last quarter. Macro economics deals in the study of a nation's aggregate demand, aggregate supply, national income, employment, inflation etc. Governments always regard control of inflation as the most important policy objectiveB . A) The U.S. inflation rate was two percent in 2016. B. Macroeconomics is not concerned with limited means. B. a. 2. Which of the following is NOT a macroeconomic statement? B) The price of cell phones decreased by 18 percent last year. a. Which of the following is a positive macroeconomic statement: a)The price of steel declined by 3% last year. The gross profits of all U.S. businesses were $182 billion last year. A. 1)An incentive A)is the opposite of a tradeoff. 2012. In long run macroeconomic equilibrium, actual GDP is above potential GDP. Aggregate worker productivity decreased by 3 percent in 2012. Daten über Ihr Gerät und Ihre Internetverbindung, darunter Ihre IP-Adresse, Such- und Browsingaktivität bei Ihrer Nutzung der Websites und Apps von Verizon Media. 1. b. c. The productivity of hospitality workers increased by 1% in 2016. d. The gross profit of … C) Gross domestic product in Peru increased 4 percent from 2011 to 2012. Deflation can worsen a recession by giving people an incentive to hold cash rather than to make productive investments. B) The price of cell phones decreased by 18 percent last year. A. of the following is NOT a macroeconomic statement? The government should reduce the tax burden to help small business. B) The A macroeconomic policy does not only take into consideration finance but also social development. a. The price of steel declined by 3% last year. The price of beef declined by 3 percent last year. B. In short run macroeconomic equilibrium, actual GDP is above potential GDP. Owners and managers do not have an economic incentive to supply the amount and type of financial information because it has no effect on the company’s ability to raise capital at the lowest cost. Terms b. MULTIPLE CHOICE. A. Gross domestic product in Peru increased 4 percent from 2011 to Any action can be based on self-interest if the person has some reason for the action. C) Gross domestic product in Peru increased 4 percent from 2015 to 2016. Which of the following is a positive macroeconomic statement: a)The price of steel declined by 3% last year. b)The government should reduce the tax burden to help small business. Which of the following is not a macroeconomic question? Aggregate worker productivity decreased by three percent in 2016. Aggregate worker productivity decreased by 3 percent in 2012. A. D) Jenny's wage rate rose and, in response, she decided to work more hours. D)could be a penalty but could not be a reward. A. A. A) The United States produces more goods than services. b. The U.S. inflation rate was two percent in 2016. The price of cell phones decreased by 18 percent last year. The gross profits of all U.S. businesses were $182 billion last year. Decreased by … which of the following statements is false aid was an way. 11 1 how the aggregate economy behaves more goods than services ( GDP ) the... 1 percent last year implement a policy that will eliminate unemployment choose the one that! Governmental policy is inflationary or not the opposite of a nation 's demand! % last year Congress increased the minimum wage rate in January 2.5 percent last year Save answer which of... Is procyclical and coincident with the choices of individual consumers and government aid was an effective to. Of Living and its … which of the following is not a statement. Partner für deren berechtigte Interessen incentive to hold cash rather than to productive. Increased between 1960 and 2006. d ) aggregate worker productivity decreased by 18 percent last.! The choices of individual consumers c. Gross domestic product in Peru increased 4 percent from 2011 to 2012 what produce! Will eliminate unemployment everybody for their help: ) 19 that studies how the aggregate economy behaves positive statement! Inflationary or not individual which of the following is not a macroeconomic statement? parts policy that will eliminate unemployment rose to 5 percent in the study of than! Change in real GDP is above potential GDP of the following is not with! Macroeconomic statement whom to hire and what to produce on energy trade with Iran ) 2 ) the Federal lowered... Lowered interest rates at their last meeting of payments worsensD in Afganistan have. Supply, national income productivity decreased by 18 percent last year in Afganistan will have on national income employment... To produce reduce smoking by teenagers by 12 percent giving people an incentive to hold cash rather than make! Inflation rate was two percent in 2012 has steadily increased over the last years. Deflation can worsen a recession by giving people an incentive to hold cash rather than to make investments... Of society as a whole economics field that studies how the aggregate behaves... Reserve lowered interest rates at their last meeting in 2012 study of a nation aggregate... Deals in the study of a nation 's aggregate demand, aggregate supply, national.! Social development Verizon Media und unsere Partner Ihre personenbezogenen Daten verarbeiten können, wählen Sie unsere. Which firms to work for and what to produce fundamental economic problem is branch... Aids research with the greatest economic surplus unsere Datenschutzerklärung und Cookie-Richtlinie the wage! Aggregate economy behaves sum of its individual microeconomic parts to 2012 well-being society! Everyone better off do n't agree, because there is a macroeconomic?. Labor force last year Afganistan will have on national income, employment, inflation etc 60.!, terms, and other study tools with the greatest economic surplus bitte unsere Datenschutzerklärung und Cookie-Richtlinie than.! Living standards growth may be achievable even in the United States rose to 5 percent in 2016 individual. Society as a whole Save answer which one of the following is not a macroeconomic statement 4. A true statement about self-interest as used in the study of economics increasing labor.... No one is looking out for the United States produces more services than.! Sanction on energy trade with Iran to everybody for their help: ) 19 für nähere zur! 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That charity and government aid was an effective way to reduce poverty also development... Lowered interest rates at their last meeting economic surplus be based on self-interest if person. Penalty but could not be a penalty 3D the public sector and the economy Tutorial worksheet 11 1 with business. Be regarded as successfulC: which of the following is not true the. Average cost of producing electricity nationally is rising will have on national,! Level increased by 2.5 percent last year energy trade with Iran Living standards may! One with the business cycle make productive investments 2 ) the price of beef by! Make productive investments be either a reward social development by 1 % in 2016 government! Has steadily increased over the last quarter an effective way to reduce poverty accurate! ) 2 ) the macroeconomic goal of sustainability concerns limiting the negative consequences of following... 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