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Question
Fill in the blank with appropriate alternatives given below
National income is the subject matter of _________ Economics.
Options
Micro
Macro
Managerial
Business
MCQ
Fill in the Blanks
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Solution
National income is the subject matter of Macro Economics.
Explanation:
Macroeconomics focuses on how income levels are determined in the economy. Also, it studies the causes behind fluctuations in the income levels and accordingly what strategies can be adopted to accelerate growth in national income. Thus, national income is the subject matter of macroeconomics.
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