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Question: Examining how the U.S. Gross Domestic Product (GDP) was affected by the Covid pandemic is an example of "macroeconomic" analysis.
Yes, that's correct! Examining how the U.S. Gross Domestic Product (GDP) was affected by the Covid-19 pandemic is an example of macroeconomic analysis. Macroeconomics deals with the performance and behavior of an economy as a whole, including metrics like GDP, unemployment rates, inflation, and overall economic growth. The impact of the Covid-19 pandemic on GDP falls squarely within this field, as it involves studying large-scale economic variables and how they were affected by a global event.
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