Which of the following illustrates a macroeconomic question?
A. What is the least costly way to produce automobiles and trucks in the United States?
B. Should the salaries of financial executives be regulated by the government?
C. Will the introduction of a new computer chip change the demand for computers?
D. Are increasing wage demands by workers contributing to price inflation?
Answer: D
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To arrive at a more accurate measure of real output changes in an economy, nominal GDP figures should be adjusted for inflation
a. True b. False Indicate whether the statement is true or false
Starting with a situation where there is a substantial budget deficit, when tax revenues grow faster than federal expenditures, the government will experience:
a. a balanced budget. b. an increasing national debt. c. a declining budget surplus. d. a declining budget deficit. e. an increasing budget deficit.