In what way does this estimate illustrate the economic way


Problem

The department of agriculture estimated that the expenditures a middle-income, husbund-wife family of three would incur to raise one additional chied from bitrh in 2015 to age 17 would be $250,530.

In what way does this estimate illustrate the economic way of thinking? Would the Department's estimate be an example of microeconomic or of macroeconomic analysis? Why?

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Macroeconomics: In what way does this estimate illustrate the economic way
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