Which of the following is NOT a macroeconomic topic?A. National GDP trendsB. The increase in consumer demand for smartphones in the last five yearsC. The effect of an increasing unemployment rate in South AfricaD. Global oil prices in 2023

Which of the following is NOT a macroeconomic topic?A. National GDP trendsB. The increase in consumer demand for smartphones in the last five yearsC. The effect of an increasing unemployment rate in South AfricaD. Global oil prices in 2023

Macroeconomics: Principles and Policy (MindTap Course List)

13th Edition

ISBN:9781305280601

Author:William J. Baumol, Alan S. Blinder

Publisher:William J. Baumol, Alan S. Blinder

Chapter5: An Introduction To Macroeconomics

Section: Chapter Questions

Problem 1TY

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Question

Which of the following is NOT a macroeconomic topic?
A. National GDP trends
B. The increase in consumer demand for smartphones in the last five years
C. The effect of an increasing unemployment rate in South Africa
D. Global oil prices in 2023

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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