Macroeconomics vs Microeconomics

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Questions and Answers

What type of perspective does macroeconomics have?

  • Individual
  • General (correct)
  • Limited
  • Specific

What does macroeconomics evaluate?

  • Production of a specific company
  • Demand for a single product
  • Total production of a country (correct)
  • Individual consumption

Macroeconomics primarily studies which type of economic actor?

  • Concrete
  • Specific
  • Individual
  • Global (correct)

Which of the following is a variable analyzed in macroeconomics?

<p>Gross Domestic Product (GDP) (B)</p> Signup and view all the answers

Which of these variables are analyzed by macroeconomics?

<p>GDP (B)</p> Signup and view all the answers

Flashcards

Macroeconomía

Branch of economics that studies the behavior and performance of an economy as a whole.

Microeconomía

Studies the behavior of individual economic agents, such as consumers, families, companies, and markets.

Perspectiva general (Macroeconomía)

Broad view of the economy to study trends, overall indicators, and large-scale patterns.

Evalúa la producción total

Assesses the total production of a country or population; includes GDP and total output.

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Estudia Actores económicos globales

Studies global economic players, like nations, international organizations, and their interactions.

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Variables que analiza: (Macroeconomía)

General variables that relate to Macroeconomic factors. (PIB, tasa de desempleo, nivel de interés, etc.)

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Perspectiva individual (Microeconomía)

Focuses on the the behavior of individual agents.

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Evalúa la producción individual

Assesses the production of individual companies.

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Estudia Actores económicos concretos

Studies specific concrete economic players, such as a single industry.

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Variables que analiza: (Microeconomía)

Specific variables related to Microeconomic factors. (Oferta y demanda, precio de un producto, ahorro familiar, etc.)

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Study Notes

Macroeconomics

  • It takes a general perspective.
  • It evaluates the total production of a country or population.
  • It studies global economic actors.
  • Variables analyzed include GDP, unemployment rate, interest rate, etc.

Microeconomics

  • It takes an individual perspective.
  • It evaluates the individual production of a company.
  • It studies specific economic actors.
  • Variables analyzed include supply and demand, product price, family savings, etc.

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