Maharashtra State BoardHSC Commerce 12th Board Exam
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State the Following Statement is True Or False. National Output is an Example of Macro Variable. - Economics

MCQ
True or False

State the following statement is true or false.

National output is an example of macro variable.

Options

  • True

  • False

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Solution

True
Explanation:
The above statement is correct. This is because national output is an aggregate of all outputs produced within an economy during a year. Hence, it is a macroeconomic variable.

Concept: Allocation of Resource and Economic Variable
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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 8 Introduction to Macro Economics
Exercise | Q 3.6 | Page 68
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