Which of the following is not a micro economic subject matter?

The price of mangoes

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The cost of producing a fire truck for the fire department of Delhi, India.

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The quantity of mangoes produced for the mangoes market.

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The national economy's annual rate of growth.

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Solution

The correct option is D The national economy's annual rate of growth.
Microeconomics deals with the individual or a small unit's influence in the economic problems that prevails in the nation it is not bothered about the macro units that is the nation as a whole. Therefore at the time of estimation of micro variables of the economics, macro is assumed to be constant.

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Similar questions

Q. 94. Output of an economy is worked out both at market prices as well as factor cost, but for growth purposes, output at factor cost is considered. Consider the following statements in this regards.
1.If output measured at market prices increases it does not necessarily imply that more goods and services have been produced in the economy.
2.Output measured at factor cost is more useful for cross-country comparison.
3.Output at market price and factor cost can never be the same.
4. Output at factor cost in terms of constant prices reflects inflation adjusted growth in output.
Which of the above statement(s) is/are correct?

Q. The price of

8 k g

mangoes is

R s . 612

in Delhi,but in Lucknow the price of

10 k g

mangoes is

R s . 720

. What is the percentage increase in the price of mangoes in Delhi than in Lucknow?

Q. Fill in the blanks:-
1) The credit of development of macroeconomic approach must go to ________. (Dr. Marshall/ Prof. Pigou/ Lord Keynes/ Mrs. Joan Robinson)
2) _________ economics studies the problem of inflation in an economy. (Micro/ Macro/ Static/ Industrial)
3) Macroeconomics does not study _________. (whole economy/ national income/ aggregate supply/ product pricing)
4) _________ is the subject matter of Macroeconomics. (Growth theory/ Factory Pricing/ Market Structure/ Individual Incomes)
5) Micro and Macro approaches are ________. (competitive/ alternative/ substitutes/ complementary)

Q. Which of the following products are produced by mangoes?

In a market, the price of medium quality mangoes is half that of good mangoes. A shopkeeper buys 80 kg good mangoes and 40 kg medium quality mangoes from the market and then sells all these at a common price which is 10% less than the price at which he bought the good ones His overall profit is

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