Question

Which economic field of study focuses on larger-scale topics such as gross domestic product and national unemployment?
Macroeconomics
Microeconomics

Answer 1

Microeconomics focuses on issues that affect individuals and companies. This could mean studying the supply and demand for a specific product, the production that an individual or business is capable of, or the effects of regulations on a business. Macroeconomics focuses on issues that affect the economy as a whole.