A. IDENTIFICATION (15 items x 1 point) Determine whether the following items are microeconomic or macroeconomic in nature. 1. Establishment of Jollibee branches in the country 2. Inflation rate in the Philippines is at 3.3% 3. 6.4% growth in gross domestic product 4. Selection of crop to be produced 5. Government subsidy for smallholder farmers in Nueva Ecija 6. Decrease in rice importation 7. Production of calamansifrom group of farmers to institutional markets 8. Budgeting practices of a housewife 9. Analysis on number of workers needed to harvest crops from five (5) hectares land 10. Terrorist attacks 11. Increasing crime rate 12. Wage increase in a factory 13. Volume of onion production of a cooperative 14. Increase in sales of a vegetable store 15. Rate increase on electricity
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