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:

The correct answer is Option 3: Macroeconomics sees an economy as a combination of households, government, firms and the external sector

Macroeconomics sees an economy as a combination of four sectors, namely households, firms, government and external sector.