(a)
Whether the rapid growth of “T” belongs to
Explanation of Solution
The growth of company “T” is part microeconomics because microeconomics studies the economy on an individual level, and it is an individual company. The study of individual units, firms, household, etc. is a part of microeconomics.
(b)
Whether the problem of
Explanation of Solution
Unemployment an issue that is dealt by macroeconomist because Macroeconomics studies the movement of the whole economy in the country.
It is a branch of economics that deals with the entire economy. Thus, it is a part of macroeconomic theory.
(c)
Whether the growth of an economy belongs to microeconomics or macroeconomics.
Explanation of Solution
It is part of macroeconomic theory because it includes the study of the whole economy (Japan and U.S) and the study of the economy as a whole is a part of macroeconomics theory.
(d)
To find whether the growth of health care belongs to microeconomics or macroeconomics.
Explanation of Solution
Health care costs have risen rapidly in recent years. This will be studied by macroeconomists because health care is an important part of government spending and the government’s activity is a part of macroeconomic theory.
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Chapter 5 Solutions
Macroeconomics: Principles and Policy (MindTap Course List)
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