Which of the following is NOT a macroeconomic statement?
A) The U.S. inflation rate was two percent in 2016.
B) The price of cell phones decreased by 18 percent last year.
C) Gross domestic product in Peru increased 4 percent from 2015 to 2016.
D) Aggregate worker productivity decreased by three percent in 2016.
B
You might also like to view...
According to the article, ________ are expected to contribute ________ to China's real GDP in 2008
A) exports and consumption; positively B) consumption and government spending; negatively C) exports and investment; negatively D) rental income and investment; negatively
If the Fed does not take into account the additional policy channels available in an open economy, then ________ when conducting contractionary monetary policy
A) it is likely to decrease GDP too much and cause a recession B) it is likely to decrease GDP too little and inflation will persist C) it is likely to increase GDP too little and cause a recession D) it is likely to increase GDP too much and inflation will persist