Which of the following is part of Microeconomics 1 National income 2 Inflation 3 Price of a commodit...........

Economics (CUET) Introduction to Micro economics

Which of the following is part of Microeconomics ?

(1)National income

(2)Inflation

(3)Price of a commodity

(4)Foreign exchange

This questions was previously asked in

CUET ECONOMIC Previous Year Paper 2022

- National income is part of macroeconomics. It looks at the economy as a whole.

- Inflation deals with the overall increase in price levels and is also part of macroeconomics.

- Price of a commodity is part of microeconomics. It studies the price of individual goods.

- Foreign exchange relates to currency markets and international trade, part of macroeconomics.

- Option 3: 3 is correct because the price of a commodity falls under microeconomics.

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