Which of the following is a microeconomics issue and which of the following is a macroeconomic issue?

wage rate at Apple Inc

the rise in the overall cost of living

the cause of the most recent recession

the amount of grain sold in a month

Solutions

Expert Solution

The micro and the macro economics are the branches of the economics ,the micro economics studies about the individual units in the economy such as the firm, house hold, personal consumption, individual savings etc.... The macro economics studies about the economy as a whole and it deals with the aggregates such as aggregate demand, aggregate supply, aggregate income and so on.

Ans:

1) . Wage rate at Apple Inc: Micro economics- This is a micro economic issue because it deals with an individual firm.

2). The rise in the over all cost of living: Macro economics- This is a macro economic problem, the rise in the price not just one person but all of the people residing in the country.
3). The cause of the most recent recession: Macro economics- The recession reduces the aggregate demand and there by decreases the aggregate income so there will be an increase in the unemployment which will affect everybody.

4). The amount of grain sold in a month: Micro economics.

Rahul Sunny answered 1 year ago

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