Which of the following countries is the leading producer of rice in the world ?
Correct answer: C. China
- A. Australia
- B. Argentina
- C. China
- D. Cuba
Explanation
China is traditionally identified as the leading rice-producing country, supported by its large irrigated agricultural regions and high cultivated area. India is also a major producer and may rank first in some recent years depending on the source.
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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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