Which of the following topics is least likely to be an exampleof macroeconomic a

Question

Which of the following topics is least likely to be an exampleof macroeconomic analysis? (a)   A study of the determinants of thelevel of investment spending. (b)   A study of the relationship betweenrising medical costs and the quality of medical care. (c)   A study of the determinants ofconsumption expenditures. (d)   A study of the relationship betweenunemployment and inflation.



Which of the following would NOT be included in this year'sGDP? (a)   The purchase of 100 shares of HarleyDavidson stock. (b)   The commission charged by a realestate agent. (c)   Season tickets to the MinnesotaVikings home games. (d)   The tuition fee for a course ineconomics. (e)   The replacement of a muffler on a 1996Chevy.

Explanation / Answer

(c) A study of the determinants of consumptionexpenditures.
This istypically explained using Consumer Theory, a topic inMicroeconomics --
Which of the following would NOT be included in this year'sGDP? (a) The purchase of 100 shares of Harley Davidsonstock.
Purchasing stock does not produce a good orservice

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