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Question
Out of the following, which one is Macro variable?
Options
Production of Food Grains in India
Pricing decision by Tata Motors
Measurement of General Price Level
Fall in Petrol Prices
MCQ
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Solution
Measurement of General Price Level
Explanation:
The general price level is an economy-wide aggregate, so its measurement is a macroeconomic variable. The other options relate to individual commodities, firms, or markets.
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