Economic growth is related to which of the following options?
Answer & explanation
Correct answer: option 2
The correct answer is option 2: Macroeconomics
- Economic growth refers to the increase in the total output (GDP) of an economy over time.
- It is studied under Macroeconomics because it involves national-level factors like GDP, employment, investment, and productivity.
Why not the other options?
- Microeconomics → Deals with individual units like consumers and firms, not national economic growth.