Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Introduction

Question:

Which of the following option is correct for the given statement?
Microeconomics deals with the aggregate economic variable of an economy.

Options:

Statement is true.

Statement is false.

Statement is partially true.

Statement is partially false.

Correct Answer:

Statement is false.

Explanation:

The correct answer is option 2: Statement is false.

  • Microeconomics deals with individual economic units such as consumers, firms, and specific markets, not aggregate economic variables.
  • Macroeconomics, on the other hand, deals with aggregate economic variables like GDP, inflation, unemployment, and national income.

Since the statement incorrectly attributes aggregate economic variables to Microeconomics, it is false.