Which of the following is a microeconomic statement?
A) The real domestic output increased by 2.3 percent last year.
B) Unemployment was 6.5 percent of the labor force last year.
C) The price of personal computers declined 4.7 percent last year.
D) The general price level increased by 3.1 percent last year.

Question

Quizplus · Accepted Answer

The statement "The price of personal computers declined 4.7 percent last year" is a microeconomic statement because it pertains to the specific market for personal computers, rather than broader economic indicators like real domestic output or general price level.

Which of the Following Is a Microeconomic Statement