Select the example of macroeconomics. Liechtenstein is a country of about 40,000 people and has a GDP of nearly $6.2 billion. An U.S. computer company has its headquarters in Seattle, six factories in China, and stores in over 100 countries. It has over 30,000 employees and made $88 billion in profit in 2019. The Jackson family is made up of two parents and three young children. Together, the parents make about $120,000 per year. A company making surfboards has a factory in Oregon and has stores in Oregon, Washington, California, and Canada. It has 250 employees and made $12 million in profit in 2019.

Macroeconomics is the whole study of the economy of a country. It deals with output, employment, and…

Answered: Select the example of macroeconomics.…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Select the example of macroeconomics.

	Liechtenstein is a country of about 40,000 people and has a GDP of nearly $6.2 billion.
	An U.S. computer company has its headquarters in Seattle, six factories in China, and stores in over 100 countries. It has over 30,000 employees and made $88 billion in profit in 2019.
	The Jackson family is made up of two parents and three young children. Together, the parents make about $120,000 per year.
	A company making surfboards has a factory in Oregon and has stores in Oregon, Washington, California, and Canada. It has 250 employees and made $12 million in profit in 2019.

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