19.Gross Domestic Product (GDP) is a. The total market value of all final goods and services produced within a given period by factors of production owned by a country’s citizens, regardless of where output is produced. b. A nation’s total product minus what is required to maintain the value of its capital stock. c.
Aug 29, 2015 · (a) Inflation-macroeconomics- Inflation refers a general increase in price across the economy(b) Low wages in certain service industries-microeconomics because the low wages are only in specific industries(c) The rate of exchange between the pound and the euro-Either It is a micro issue in the global perspective since it relates to the price of one currency in terms of …
Aug 17, 2015 · Which of the following are macroeconomic issues, which are microeconomic ones and which could be either depending on the context? Answer (a) Inflation. (b) Low wages in certain service industries. (c) The rate of exchange between the pound and the euro. (d) Why the price of cabbages fluctuates more than that of cars. (e) The rate of economic growth this year …
The correct answer is option 2, i.e. the determination of prices in the agricultural sector. Agricultural prices do affect macroeconomics, but it is not a direct issue studied, unlike the other three.
These cyclical uptrends and downtrends are known as business cycles. The various phases of a business cycle are identified as (1) boom, (2) recession, (3) depression, and (4) slump.
The correct answer is A) How the federal government budget deficit affects interest rates. As defined in any book of economics, macroeconomics deals...
Micro vs. Macro That ground can be divided into two parts: microeconomics focuses on the actions of individual agents within the economy, like households, workers, and businesses; macroeconomics looks at the economy as a whole. It focuses on broad issues such as growth, unemployment, inflation, and trade balance.
Macroeconomics focuses on three things: National output, unemployment, and inflation.
Explain 4 macroeconomic goal in your own words 1) Economic Growth 2) stability 3) Full employment 4) stable financial market | Study.com.
Such economies can be beset by high levels of debt, a heavy reliance on foreign capital inflows, a steady depreciation of its currency, and high interest rates. Sri Lanka has suffered balance of payments (BOP) crises at regular intervals, with the exception of a 9-year period from 1992 to 2000.
Similarly, the consumer-price index is also an index of prices. Inflation is both the result of total spending running ahead of the economy's capacity to supply goods and services (macroeconomics), and idiosyncratic behavior in one industry or another (microeconomics).Jan 12, 2022
Microeconomic Issues Microeconomics studies individual prices, quantities and markets, on the other hand macroeconomics studies the behaviour of the economy as a whole. It examines the forces that affect firms, consumers and workers in the aggregate.Nov 7, 2019
a. Microeconomic Issue: The effect of an increase in the price of Coca-Cola on the quantity of Pepsi-Cola sold will be considered a microeconomic... See full answer below.
Micro economics studies economics from the view point of an individual unit. General price level is related to the prices of most of the commodity in a nation at a certain period of time. Therefore, it is not a micro variable.