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Question
Choose the correct answer :
Macro economics studies _________.
Options
(a) national income
(b) household income
(c) firm’s income
(d) industrial output
MCQ
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Solution
Macro economics studies national income.
Explanation:
Macro economics studies the economy as a whole. It studies the behaviour of macro economic variables in an economy. As national income is a macro variable, its behaviour is studied under macro economics.
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