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Question
Mr. Arvind wants to study the national income. Which branch of economics will he have to study?
Options
Microeconomics
Factor price determination
Macroeconomics
Price theory
MCQ
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Solution
Macroeconomics
Explanation:
Mr. Arvind has to study macroeconomics, as it deals with the study of the economy as a whole, including aggregates like national income. Macroeconomics focuses on aggregate output, total consumption, and general price levels at the national level, which are essential for understanding national income.
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