A country's fundamental system of transportation, communications, and other aspects of its physical capabilities are called ?
Correct answer: A. Infrastructure
- A. Infrastructure
- B. Basic structure
- C. Fundamentals
- D. Basic infrastructure
Explanation
Infrastructure is the basic physical framework that supports an economy, including transport, communication, energy and related facilities. “Basic structure” is a general phrase, not the standard economic term.
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About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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