What is called the overall study of aspects and working of a national economy ?
Correct answer: A. Macroeconomics
- A. Macroeconomics
- B. Gross economics
- C. Mega economics
- D. Micro economics
Explanation
Macroeconomics studies the economy as a whole, including national income, employment, inflation, growth, and overall output. Microeconomics instead focuses on individual consumers, firms, and markets.
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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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