Choose the following topic that would likely not be studied by a macroeconomist. a rise in unemployment claims the gross domestic product (GDP) of Latin American countries the cycle of economic growth and economic decline the 2019 profit of the country's biggest retailer

Choose the following topic that would likely not be studied by a macroeconomist. a rise in unemployment claims the gross domestic product (GDP) of Latin American countries the cycle of economic growth and economic decline the 2019 profit of the country's biggest retailer

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter13: Measuring The Economy's Performance

Section: Chapter Questions

Problem 4AA

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Question

Choose the following topic that would likely not be studied by a macroeconomist.

	a rise in unemployment claims
	the gross domestic product (GDP) of Latin American countries
	the cycle of economic growth and economic decline
	the 2019 profit of the country's biggest retailer

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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