Question

Identify and explain the following concept:

Raju collected the information about the total consumption, total savings, and total investment of the Indian economy.

Answer 1

Macroeconomics

Explanation:

Macroeconomics deals with the functioning of the economy as a whole. For example, macroeconomics deals with the study of macroeconomic units such as total investments, aggregate demand, total savings, aggregate supply, total consumption, etc.