1 (a) Which of the following statements relate to microeconomics or macroeconomics? (i) Singapore's annual inflation rate stood at 4.0% in January 2022. (2 marks) (ii) Farmers have been affected by the recent monsoon rains, which have caused extensive damage to crops and vegetables. (2 marks) (iii) While Singapore's labor market is making a broad-based recovery from the Covid-19 pandemic, unemployment rates are only likely to return to pre-pandemic levers by end-2022. (2 marks)