Microeconomics is the study of the choices that individuals and businesses make and the way these choices interact and are influenced by governments. Macroeconomics is the study of the aggregate​ (or total) effects on the national economy and the global economy of the choices that​ individuals, businesses, and governments make. ​"Motor vehicle production in China is growing by 10 percent a​ year" is a microeconomic topic. ​"Coffee prices​ rocket" is a microeconomic topic. ​"Globalization has reduced African​ poverty" is a macroeconomic topic. ​"The government must cut its budget​ deficit" is a macroeconomic topic. ​"Apple sells 20 million iPhone 6 a​ month" is a microeconomic topic.