Which of the following is a microeconomic topic?
A) the U.S.inflation rate in 2009
B) the price of an iPad sold by Apple
C) the U.S.unemployment rate in March 2010
D) the U.S.rate of growth in GDP for the first quarter in 2010

Question

Quizplus · Accepted Answer

The price of an iPad sold by Apple is a microeconomic topic because it pertains to a specific product and its price point. Microeconomics deals with individual markets, firms, and consumers, while macroeconomics deals with the economy as a whole (i.e. inflation rate, unemployment rate, GDP growth rate).

Which of the Following Is a Microeconomic Topic