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Question

National output is an example of a macroeconomic variable.

A
True
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B
False
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Solution

The correct option is A True

Macroeconomic variables are the factors that affect the economy on an aggregate level, influencing the economic outcome of large groups of people.

National output is the total value of goods and services produced in a country in a financial year. Thus, it is an example of a macroeconomic variable.


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