The difference between microeconomics and macroeconomics is that microeconomics deals with narrowly defined units and macroeconomics focuses on highly aggregated markets. microeconomics is normative, and macroeconomics is positive. microeconomics involves mathematical relationships, and macroeconomics is predominantly a verbal analysis. microeconomics deals with the principle of scarcity, and macroeconomics deals with the problem of poverty.

After hearing a knock at your front door, you are surprised to see the prize patrol from a large, well-known magazine subscription company. it has arrived with the good news that you are the big winner, having won $21 million. you have three options.(a) receive $1.05 million per year for the next 20 years.(b) have $8.25 million today.(c) have $2.25 million today and receive $750,000 for each of the next 20 years. your financial adviser tells you that it is reasonable to expect to earn 13 percent on investments.