Canada France, Germany, Italy, Japan, The United Kingdom and United States are ?
Correct answer: A. G-7 countries
- A. G-7 countries
- B. countries with highest productivity growth in the world since 1960
- C. countries with decreasing TFP growth since 1990s
- D. countries with the lowest information technology equipment and software index prices
Explanation
The seven countries listed are Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. Together they form the Group of Seven, or G7.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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