Question

Identify the correctly matched pair of items in Column A to those in Column B:

Column A		Column B
1	Markets in the Economy	(a)	Producers only
2	National Income	(b)	Macroeconomics
3	Total Cost	(c)	Both Micro and Macroeconomics
4	Net National Product	(d)	Microeconomics

Options

• 1 - (a)

• 2 - (b)

• 3 - (c)

• 4 - (d)

Answer 1

2 - (b)

Explanation:

The study of an economy's overall behavior is known as macroeconomics. The value of all final goods produced by a country's economy is referred to as national income. As a result, macroeconomics and the study of national income are linked.