Which of the following is not a microeconomic statement? A. The productivity of manufacturing workers increased...
Which of the following is not a microeconomic statement?
A. The productivity of manufacturing workers increased by 3 percent last year.
B. The price of chicken declined by 15 percent last month.
C. Celcom profits increased by 10 percent last quarter.
D. Unemployment rate declined to 3 percent last month.
Homework Answers
Answer: D. Unemployment rate declined to 3 percent last month.
Unemployment is the macroeconomic factor because this affects the country's economy as a whole. This statement is not specific to any industry or market.
The other statements are specific to any industry, company, or market. So, these are the microeconomic statements.
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Which of the following is not a microeconomic statement?
A. The productivity of manufacturing workers increased...
please explain Previous Page Next Page Page 8 of 25 Question 8 (1 point) Which of...
please explain
Previous Page Next Page Page 8 of 25 Question 8 (1 point) Which of the following is a microeconomic statement? The price of personal computers declined 4.7 percent last year. The general price level increased by 3.1 percent last year The real domestic output increased by 2.3 percent last year Unemployment was 6.5 percent of the labor force last year. Page 8 of 25 Next Page Submit Quiz 6 of 25 questions saved
Need help, please show work. Choose which statements in the bank whether or not they are...
Need help, please show work. Choose which statements in the bank
whether or not they are true or false.
The Data of Macroeconomics -End of Chapter Problem According to the Bureau of Economic Analysis (BEA), real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the first quarter of 2018. This contrasts with the fourth quarter of 2017, when real GDP increased by 2.9 percent. According to the Bureau of Labor Statistics (BLS), the consumer price...
By the early 2000s, worker productivity growth spiked as more temporary workers were employed as they...
By the early 2000s, worker productivity growth spiked as more temporary workers were employed as they looked for more permanent work. How did this affect the natural unemployment rate? a. Natural unemployment increased as temps replaced long term workers. b. . Natural unemployment was unaffected. c. Natural unemployment decreased as fewer workers were without jobs while looking for more permanent jobs.
1) Which of the following is an example of a measure of labor productivity
1) Which of the following is an example of a measure of labor productivity?a. Autos get 30 gallons to the mile.b. The growth rate of per capita real GDP is 3.5 percent per year.c. Farm workers produce 30 bushels of wheat per worker per day.d. Wages increase by 3.5 percent per year for 5 years.2) Labor productivity increases whena. the unemployment rate decreases.b. the average output produced per worker during a specified time period decreases.c. the average number of hours...
Indicate whether each one pertains to microeconomics (MIC) or macroeconomics (MAC). (a) "Mexican's GDP had a...
Indicate whether each one pertains to microeconomics (MIC) or macroeconomics (MAC). (a) "Mexican's GDP had a growth rate of 5 percent in the final quarter of the year 2019." (b) “The profits of Amazon rose 20 percent during the past quarter." (c) "Rains from El Paso again hit the California region causing severe flooding in farms. The prices for citrus and produce are expected to rise sharply." (d) "The unemployment rate in France hit its lowest level in the last...
Which of the following is a normative economic statement? With falling home prices and rising mortgage...
Which of the following is a normative economic statement? With falling home prices and rising mortgage interest rates, the amount of foreclosures has increased. B) The federal government is considering raising the gasoline tax to promote the use of public transportation. c) Fashion designers should be allowed to copyright designs to promote innovation. D) Rising global demand for diesel and heating oil has led to increases in the price of crude oil. Question 15 (10 points) The economic analysis of...
13. In a particular country, the gross domestic product (GDP) increased by 10 percent during the...
13. In a particular country, the gross domestic product (GDP) increased by 10 percent during the year. At the same time inflation was 6 percent. Therefore real GDP a fell by 10 percent. b. fell by 4 percent. c. rose by 10 percent. d. rose by 6 percent. e. none of the above. 14. One of the major determinants of increasing real GDP per capita and therefore a country's standard of living is a. increasing labour productivity. b. decreasing labour...
Which of the following is true? a. High benefit payments to unemployed workers will tend to increase the rate of unempl...
Which of the following is true? a. High benefit payments to unemployed workers will tend to increase the rate of unemployment b. The rate of unemployment in the large European economies has been persistently lower than that of the United States due to their more generous unemployment benefits. c. If a system of personal savings accounts replaced the current unemployment benefit system, the unemployment rate would fall to zero. d. Under the current unemployment insurance system, benefits replace about 90...
8. Which of the following is included in GDP in the current year? Bob repairs his...
8. Which of the following is included in GDP in the current year? Bob repairs his fence himself instead of paying a laborer $400 to do the job a. b. Tim Buys $20,000 of Apple Stock. Rebecca breaks her leg skiing and pays a $8000 hospital bill. d. c. Lisa buys a used car for $7000 All of the above are included in GDP e. 9. If part of the labor force is unemployed, the foregone goods and services are...
Which of the following is a positive economic statement? A The minimum wage should be increased...
Which of the following is a positive economic statement? A The minimum wage should be increased to give people a decent wage B Stock prices rose to a new record last month for the fourth month in a row C Americans should buy American products in order to boost the national economy D Government must maintain the current level of defense spending to keep the nation safe
please explain
Previous Page Next Page Page 8 of 25 Question 8 (1 point) Which of the following is a microeconomic statement? The price of personal computers declined 4.7 percent last year. The general price level increased by 3.1 percent last year The real domestic output increased by 2.3 percent last year Unemployment was 6.5 percent of the labor force last year. Page 8 of 25 Next Page Submit Quiz 6 of 25 questions saved
Need help, please show work. Choose which statements in the bank
whether or not they are true or false.
The Data of Macroeconomics -End of Chapter Problem According to the Bureau of Economic Analysis (BEA), real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the first quarter of 2018. This contrasts with the fourth quarter of 2017, when real GDP increased by 2.9 percent. According to the Bureau of Labor Statistics (BLS), the consumer price...
Indicate whether each one pertains to microeconomics (MIC) or macroeconomics (MAC). (a) "Mexican's GDP had a growth rate of 5 percent in the final quarter of the year 2019." (b) “The profits of Amazon rose 20 percent during the past quarter." (c) "Rains from El Paso again hit the California region causing severe flooding in farms. The prices for citrus and produce are expected to rise sharply." (d) "The unemployment rate in France hit its lowest level in the last...
Which of the following is a normative economic statement? With falling home prices and rising mortgage interest rates, the amount of foreclosures has increased. B) The federal government is considering raising the gasoline tax to promote the use of public transportation. c) Fashion designers should be allowed to copyright designs to promote innovation. D) Rising global demand for diesel and heating oil has led to increases in the price of crude oil. Question 15 (10 points) The economic analysis of...
13. In a particular country, the gross domestic product (GDP) increased by 10 percent during the year. At the same time inflation was 6 percent. Therefore real GDP a fell by 10 percent. b. fell by 4 percent. c. rose by 10 percent. d. rose by 6 percent. e. none of the above. 14. One of the major determinants of increasing real GDP per capita and therefore a country's standard of living is a. increasing labour productivity. b. decreasing labour...
Which of the following is true? a. High benefit payments to unemployed workers will tend to increase the rate of unemployment b. The rate of unemployment in the large European economies has been persistently lower than that of the United States due to their more generous unemployment benefits. c. If a system of personal savings accounts replaced the current unemployment benefit system, the unemployment rate would fall to zero. d. Under the current unemployment insurance system, benefits replace about 90...
8. Which of the following is included in GDP in the current year? Bob repairs his fence himself instead of paying a laborer $400 to do the job a. b. Tim Buys $20,000 of Apple Stock. Rebecca breaks her leg skiing and pays a $8000 hospital bill. d. c. Lisa buys a used car for $7000 All of the above are included in GDP e. 9. If part of the labor force is unemployed, the foregone goods and services are...
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