Giving reason identify which of the following are the subject matter of miroeconomics or of macroeconomics.(i) National income (ii) Supply by an industry (iii) Governrnent budget (iv) Supply by a firm

Giving reason identify which of the following are the subject matter o

1.	Giving reason identify which of the following are the subject matter of miroeconomics or of macroeconomics.(i) National income (ii) Supply by an industry (iii) Governrnent budget (iv) Supply by a firm
Answer» SOLUTION :National income- macroeconomics because it is concerned with BEHAVIOUR of economy as a whole.supply by an industry-microeconomics BEACUSE it is concerned with study of individuals and business DECISION.government budget-macroeconomics because it is concerned with behaviour of economy as a whole.supply by a firm-microeconomics beacuse it is concerned with study of individuals and business decision.