Mapa sapling leaning ppose that the video game company, Ultravision, releases a
ID: 1200554 • Letter: M
Question
Mapa sapling leaning ppose that the video game company, Ultravision, releases a new game called "Call of Obligation: Modern ombat 3." This can be analyzed using tools from both microeconomics and macroeconomics. Classify the items below according to whether they are an application in microeconomics or macroeconomics. Microeconomics Macroeconomics Have the millions of dollars that people have spent on video games worldwide affected the Gross Domestic Product (GDP) in their respective countries? How much will Ultravision pay the developers of the game How much less economic output How does Ultravision choose occurs countrywide because workersto market "Call of Obligation?" call in sick to stay home and play either Call of Obligation" or another video game? Is Ultravision able to sell all of the Call of Obligation" games it produces or do they need to produce more? How much will Ultravision charge for Call of Obligation?" Has the country's unemployment rate changed as Ultravision hired a huge team of workers to develop the game?Explanation / Answer
To classify the items according to whether they are an application in microeconomics or macroeconomics, let us first understand what are microeconomics and macroeconomics.
Microeconomics is a branch of economics that deals with the behavior of individual economic units. These units include any individual or entity that plays a role in the functioning of economy.
By contrast, Macroeconomics deals with aggregate economic quantities, such as the level and growth rate of national output, interest rates, employment, and inflation.
So from the above definitions we can classify the following items as:-
Microeconomics
- Is Ultravision able to sell all of the "Call of Obligation" games it produces or do they need to produce more?
-Hoe much will Ultravision pay the developer of the game?
-How does Ultravision choose to market "Call of obligation?"
-How much will Ultravision charge for "Call of Obligation?"
Since the decisions for these questions will affect the company's income and growth.
Macroeconomics:
-Have the millions of dollars that people have spent on video games worldwide affected the Gross Domestic Product (GDP) in their respective countries?
-How much less economic output occurs countrywide because workers call in sick to stay home and play either "Call of Obligation" or another video game?
-Has the country's unemployment rate changed as Ultravision hired a huge team of workers to develop the game?
Since the above items affect the country's economy as a whole.