1.Explain whether each of the following is an example of a macroeconomic concern or a microeconomic concern.

a.Ford Motor Company is contemplating increasing the production of full-size SUVs based on projected future consumer demand.

b.Congress is debating the option of implementing a valueadded tax as a means to cut the federal deficit.

c.The Federal Reserve announces it is increasing the discount rate in an attempt to slow the rate of inflation.

d.The Bureau of Labor Statistics projects a 22.5 percent increase in the number or workers in the healthcare industry from 2008 to 2018.