Question

Which of the following is NOT a macroeconomic​ statement? A. The price of cell phones decreased by 18 percent last year. B. Aggregate worker productivity decreased by three percent in 2012. C. Gross domestic product in Peru increased 4 percent from 2011 to 2012. D. The U.S. inflation rate was two percent in 2012.

Answer 1

A. The price of cell phones decreased by 18 percent last year

Step-by-step explanation:

Macro Economics is the study of economy at aggregate level, as a whole. It gives an overview top view of economy. So, Macro Economic statements are about the entire (whole) economy, at an aggregate level.

B] Stating about - aggregate worker productivity ; C] Stating about - Gross domestic product, being a national income estimate (depicting level of economic activity in the economy) ; D] Stating about - US inflation rate (depicting about general price level in the economy). These are all Macro Economic Statements.

However, A] The price of cell phones decreased by 18 percent last year : is just a statement of particular cell phones market. It is not about entire economy as a whole. So, it is not a macro economic statement