Identify the areas of macro economics: A. National Income B. Balance of Payments C. Level of savings…
Macroeconomics analyzes economy-wide aggregates and systemic variables, including National Income and output (A), the Balance of Payments and exchange rates (B), and the…
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Identify the areas of macro economics:
A. National Income
B. Balance of Payments
C. Level of savings and investment
D. Location of industry
E. Behaviour of firms
Answer and explanation
Correct answer A
Macroeconomics analyzes economy-wide aggregates and systemic variables, including National Income and output (A), the Balance of Payments and exchange rates (B), and the aggregate level of savings and investment in the economy (C). Location of an individual industry (D) and the behaviour of individual firms (E) belong to Microeconomics.
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UGC NET Commerce