Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Introduction

Question:
Which of the following is true about the macroeconomics?
Options:
Macroeconomics sees an economy as a combination of households, government, firms and demand-supply
A study of economics dealing with price levels, profit, expenditure and cost
Macroeconomics sees an economy as a combination of households, government, firms and the external sector
None of the above
Correct Answer:
Macroeconomics sees an economy as a combination of households, government, firms and the external sector
Explanation:
Macroeconomics sees an economy as a combination of four sectors, namely households, firms, government and external sector.