Which one is microeconomic variable?
(a) Foreign exchange (b) Balance of payments
(c) Exports and imports of a country (d) None of the above
please with explanation
d) None of the above
This is because all the given variables are expressed for the economy as a whole rather than with respect to one particular firm or household. Hence, all three of the given variables are macroeconomic.
This is because all the given variables are expressed for the economy as a whole rather than with respect to one particular firm or household. Hence, all three of the given variables are macroeconomic.
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