Question

Identify the following is an example of micro economics or macro economics. Give reason.
a. Wage determination of a Cement company.
b. Problem of unemployment in India
Price determination of a commodity
d. The contribution of the service sector to GDP.
e. Household expenditure
f. Government Budget.
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Answer 1

Inflation – Inflation measures the cost of goods and services. ...

Employment – People with jobs can spend and invest. ...

Housing – In a land of increasing house prices, banks lend and the economy booms. ...

Spending – We live in a consumption-based society. ...

Confidence – Although it is elusive, confidence drives everything.