Which question is an illustration of a macroeconomic question? rev: 05_10_2018 Multiple Choice Is a corporation unresponsive to the demands of its customers? Is a consumer boycott an effective means of reducing a product's price? How will the government's budget deficit be affected by public infrastructure projects? Are oil companies ripping off consumers by charging exorbitantly high prices for gasoline?

Question

Amelie

Business

22 July, 17:26

Which question is an illustration of a macroeconomic question? rev: 05_10_2018 Multiple Choice Is a corporation unresponsive to the demands of its customers? Is a consumer boycott an effective means of reducing a product's price? How will the government's budget deficit be affected by public infrastructure projects? Are oil companies ripping off consumers by charging exorbitantly high prices for gasoline?

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Elyse Keith · Answer 1

How will the government's budget deficit be affected by public infrastructure projects?

Explanation:

Macroeconomics is concerned with the general behavior and changes in the economy as a whole. Macroeconomics studies parameters that affect the entire economy, such as inflation, unemployment, national income, gross domestic product (GDP), and general price levels. It contrasts microeconomics, which studies the choices and behavior of individual households and industries.

A government's budget is for the entire economy. A deficit that affects public infrastructure projects will impact the country's economic development programs. Government spending forms part of fiscal policies that influence economic development in a country.