Macroeconomics has to deal with policies aimed at modifying forces of demand and supply to follow choices made by society outside the markets. Why does a developing country like India make such choices?
Answer & explanation
Correct answer: option 4
In a developing country like India such choices have to be made to remove or reduce unemployment, to improve access to education and primary health care for all, to provide for good administration, to provide sufficiently for the defence of the country and so on.