Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Introduction

Question:

Macroeconomics deals with the aggregate economic variables of an economy.
According to you, which of the following options suits best to the given statement?

Options:

The statement is false

The statement is true

The statement is partially true

The statement is partially false

Correct Answer:

The statement is true

Explanation:

The correct answer is option 2: The statement is true

Macroeconomics deals with the aggregate economic variables of an economy. There are 5 common terms in macroeconomics that are considered in aggregate: output, gross domestic product ( GDP ), production, income, and expenditures.