a) An increase in the general price level in the economy is an example of macroeconomic variables.

b) The SARB decided to keep the repo rate unchanged at 3.5%; this is in line with expectations of most economists.

c) The price of oranges at the supermarket is an example of the microeconomic variables.

A pair of scissors used in a factory where clothes are produced is an example of a capital good.

When we combine the labour market, the market for capital, the market for natural resources and entrepreneurs, we call this the goods market.

Total spending on domestically produced goods = C+I+G+X+Z

Capital is a stock variable.

Investment is a stock variable.

Consumption is a flow variable.