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Question
Fill in the blank
_________ is the subject matter of Macroeconomics.
Options
Growth theory
Factory Pricing
Market Structure
Individual Incomes
Solution
Growth theory is the subject matter of Macroeconomics.
Explanation:
Accelerating growth and development constitute the subject matter of macroeconomics. Macroeconomics analyses the reason for underdevelopment and poverty in a country. It also analyses how efficient utilisation of resources can be done. Thus, studying the problems related to growth and improving the per capita income and national income are major concerns of macroeconomics.
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