A metropolitan area consists of__________________?
Correct answer: B. a central city and surrounding suburbs and small towns
- A. several small towns
- B. a central city and surrounding suburbs and small towns
- C. the city only
- D. a city with a subway system
Explanation
A metropolitan area includes a central city together with its suburbs and nearby smaller towns that are economically and socially linked to it. A city alone does not constitute a metropolitan area.
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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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