Economics 0455 · IGCSE
Microeconomics and macroeconomics
23 practice questions on Microeconomics and macroeconomics, with worked solutions and instant marking.
What does macroeconomics cover?
Feb/March 2021
Which of the following is an example of microeconomics?
Feb/March 2025
What does microeconomics cover?
May/June 2021
What does microeconomics not include?
May/June 2021
Who would be described as a microeconomic decision maker?
May/June 2021
Which topic does microeconomics not cover?
May/June 2022
Which relationship would be examined by an economist who specialises in macroeconomics?
May/June 2022
What subject area is examined in macroeconomics?
May/June 2022
Which economic activity would be classified under macroeconomics?
May/June 2023
Which is not a microeconomic decision?
May/June 2023
Which is not a macroeconomic topic?
May/June 2024
What does the study of microeconomics cover?
May/June 2024
South America is a vast geographical region containing millions of microeconomic decision-makers. In a recent pandemic, schools remained shut for longer than in any other part of the world. Consequently, students obtained less education. The World Bank estimated that the average student would earn $24000 less over their lifetime. Some students may earn only the minimum wage. In 2020, South America recorded an inflation rate of 6.3% and an economic growth rate of only 1.8%.
May/June 2024
Which two decisions are macroeconomic?
May/June 2025
Which person is responsible for making macroeconomic decisions?
Oct/Nov 2020
Economics can be split into two branches: microeconomics and macroeconomics. statement 1: If the price of oil decreases, demand expands. statement 2: The Organization of the Petroleum Exporting Countries (OPEC) is able to affect the price of oil. Which option correctly describes these two statements?
Oct/Nov 2020
What does the term macroeconomic concept mean?
Oct/Nov 2021
What does the term microeconomic decision mean?
Oct/Nov 2021
The table gives examples of changes in an economy. Which combination contains two microeconomic changes?
Oct/Nov 2022
Demand for wheat has risen. As a result, the demand for labour needed to harvest the wheat has also risen. Which branch of economics deals with these two concepts?
Oct/Nov 2023
Which of the following statements is correct?
Oct/Nov 2023
Which individual is most likely to make a microeconomic decision in their role?
Oct/Nov 2024
Which pairing gives the correct examples of macroeconomics and microeconomics?
Oct/Nov 2025