difference between macrostudies and macroeconomic variable and micro study and micro economic variable. Also state the example of each.

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Solution

Dear student,

The differences between micro studies and macro studies are:

Micro studies Macro studies

Micro studies involve study of individual economic units. It involves study of economic unit as whole.

It deals with study of individual producer, consumer, market etc. It deals with all producers, co

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Similar questions

Q. Example of micro economic variable is:

State the following statements are true or false.
1) Macro-Economics is known as income analysis.
2) Increase in national income is a Micro- Economic goal.
3) Macro-Economic adopts lumping method.
4) Study of price determination is a subject matter of Macro-Economics.
5) Micro-Economics deals with the study of aggregates.
6) National output is an example of macro variable.

Q. Distinguish between :
Micro Variables and Macro Variables

Q. Fill in the blanks with appropriate alternatives given in the brackets.

1) The terms Micro and Macro Economics were first used by _______________. (Adam Smith/ Robbins/ Ragner Frisch/ Marshall).

2) Micro Economics is a study of _________. (Whole economy/ general price level/ National output/ Individual economic unit).

3) Micro Economics is also called as ________________. (Income theory/ Price theory/ Growth theory/ Employment theory)

4) Micro Economic analysis adopts __________________ method. (lumping/ aggregative/ Slicing/ inclusive)

5) Micro Economics is a __________________________ equilibrium approach. (partial/ general/ total/ multi-variable).

Q. Which of the following is not a variable of micro economics?

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Micro studies	Macro studies
Micro studies involve study of individual economic units.	It involves study of economic unit as whole.
It deals with study of individual producer, consumer, market etc.	It deals with all producers, co