Answer to Question #188619 in Microeconomics for Winnifred

Question

Explain how microeconomics device from macroeconomics. which of the following headlines taken from the various issues of the daily graphic deals with microeconomics

A.nestle Ghana posted a 18% increase in sales.

B. Girdco plans to slash more jobs.

C. Ghana's Output Grew by 5.8%.

D. Housing starts soared 10% in September.

E. Ghana to Breach key Deficit Target it helped to create.

Answer 1

Microeconomics is different from macro economics in a way that focuses on supply and demand and other forces that determine price level making to a bottom up approach while macroeconomics uses a top down method which involves looking at the economy as a whole trying to determine its course and nature.

The headline that deals with microeconomics in daily graphics are:

• C.Ghana output grew by 5%.