English

The whole economy is studied in ______ - Economics

Advertisements
Advertisements

Question

The whole economy is studied in ______

Options

  • Micro Economics

  • Macro Economics

  • Econometrics

  • Natural Sciences

MCQ
Fill in the Blanks

Solution

The whole economy is studied in Macro Economics.

Explanation:

The area of economics known as macroeconomics focuses on the operation and behaviour of an economy as a whole. It focuses on the overall developments in the economy, including inflation, growth rate, GDP, and unemployment.

shaalaa.com
  Is there an error in this question or solution?
2021-2022 (March) Set 1

RELATED QUESTIONS

Explain the concept of Macro economics and its features.


Macro economics is different from micro economics.


Do you agree with the following statement? Give reason.

Macroeconomics deals with the study of individual behaviour.


Concepts studied under Macroeconomics.

  1. Whole economy
  2. Economic development
  3. Aggregate supply
  4. Product pricing

State with reason whether you agree or disagree with the following statement:

Macroeconomics deals with the study of individual behaviour.


Statements related to macro economics.

  1. It is the study of aggregates
  2. It is based on certain assumptions
  3. It takes into account interdependence between aggregate economic variables
  4. It is a policy oriented science

Average of all prices of goods and services currently being produced in an economy −


Find the odd word

Scope of Macroeconomics - 


Macroeconomics is the branch of economics which analyses the ______.


Assertion (A): Macro-economic analysis shows how the general price level is determined.

Reasoning (R): It deals with determination of the prices of goods and services as well as factors of production.


Identify & explain the concept from the given illustration.

Ramesh analysed the total investments, total employment, total consumption and total savings of the economy for the financial year 2019-20.


Quantity of a commodity accumulated at a point of time is termed as ____________.


Identify the flow variable.


Define ‘Economic Model’


Give an economic term:

A branch of economics that studies the reasons for fluctuations in national income.


Concepts studied under Macro economics.

  1. Whole economy
  2. Economic development
  3. Aggregate supply
  4. Product pricing

Concepts studied under Macro economics.

  1. Whole economy
  2. Economic development
  3. Aggregate supply
  4. Product pricing

Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×