Explain how microeconomics differs from macroeconomics. Which of the following headlines, taken from the various issues of The Daily Graphic, deal with microeconomics: “Nestle Ghana posted a 18% increase in sales” “GRIDCO plans to slash more jobs” “Ghana’s Output Grew by 5.8%” “Housing starts soared 10% in September” “Ghana to Breach key Deficit Target it helped to create” Explain each issue why it is a microeconomic issue

Explain how microeconomics differs from macroeconomics. Which of the following headlines, taken from the various issues of The Daily Graphic, deal with microeconomics: “Nestle Ghana posted a 18% increase in sales” “GRIDCO plans to slash more jobs” “Ghana’s Output Grew by 5.8%” “Housing starts soared 10% in September” “Ghana to Breach key Deficit Target it helped to create” Explain each issue why it is a microeconomic issue

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter1: Introducing The Economic Way Of Thinking

Section: Chapter Questions

Problem 4SQP

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Explain how microeconomics differs from macroeconomics. Which of the following headlines, taken from the various issues of The Daily Graphic, deal with microeconomics:
“Nestle Ghana posted a 18% increase in sales”
“GRIDCO plans to slash more jobs”
“Ghana’s Output Grew by 5.8%”
“Housing starts soared 10% in September”
“Ghana to Breach key Deficit Target it helped to create”

Explain each issue why it is a microeconomic issue

Branch of economics that analyzes the behavior and performance of an economy as a whole. It focuses on the study of aggregates and evaluates changes related to unemployment, gross domestic product, inflation, monetary and fiscal policies of the government.

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