Your list · 0 हिं

Basic Concepts & the Circular Flow · Question 2 of 72

Question 2

EasyOriginal question

Which of these is a macroeconomic question?

Why did the price of tomatoes rise this week?Correct answerYour answerHow many workers should a textile mill hire?Correct answerYour answerHow does a family split its income between rent and food?Correct answerYour answerWhy did India's unemployment rate rise this year?Correct answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer D

Correct answer: D

The unemployment rate is an aggregate for the whole economy, so it is a macro question.
The other three are about one good, one firm or one household.

Worth noting

Tomato prices are prices, but of one good in one market: that is micro.

Concept: Micro versus macro questions
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsWhat macroeconomics studies

Practise this chapter →

Ten questions from Basic Concepts & the Circular Flow, at your own pace.

Practise this chapter →

Ten questions from Basic Concepts & the Circular Flow, at your own pace.

Practise this chapter All 72 questions in Basic Concepts & the Circular Flow Revise the notes for Basic Concepts & the Circular Flow