Which of the following is a microeconomic statement?
A)The real domestic output increased by 2.5 percent last year.
B)Unemployment was 8.3 percent of the labour force last year.
C)The price of personal computers declined last year.
D)The general price level increased by 4 percent last year.

Question

Quizplus · Accepted Answer

The statement "The price of personal computers declined last year" is a microeconomic statement because it pertains to the specific market of personal computers rather than the entire economy as a whole. The other statements (A, B, and D) are macroeconomic statements that refer to overall economic trends.

Which of the Following Is a Microeconomic Statement