Practicing Success
Which of the following is NOT an example of macro variable? |
Land Economic growth Inflation Unemployment |
Land |
The correct answer is Option 1: land The macro variables are those that represent the economy as a whole rather than specific individual components. Land is a factor of production and typically considered as a microeconomic variable rather than a macroeconomic variable. The other options, economic growth, inflation, and unemployment, are all examples of macroeconomic variables as they represent aggregate economic phenomena that affect the entire economy. |