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Statistics Such as GDP, the Unemployment Rate, the Rate of Inflation

Question 11

Multiple Choice

Statistics such as GDP, the unemployment rate, the rate of inflation and the trade balance are:


A) both microeconomic and macroeconomic
B) neither macroeconomic nor microeconomic, but properly in the realm of political science
C) microeconomic, since they affect individual households and firms
D) macroeconomic, since they tell us something about the entire economy

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