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Mr. Skund Kumar wants to study the national income. Which branch of economics will he have to study?
Microeconomics
Price theory
Factor price determination
Macroeconomics
Macroeconomics is a branch of economics that studies how an overall economy—the market or other systems that operate on a large scale—behaves. Macroeconomics studies economy-wide phenomena such as inflation, price levels, rate of economic growth, national income, gross domestic product (GDP), and changes in unemployment. Macroeconomics deals with the performance, structure, and behavior of the entire economy, in contrast to microeconomics, which is more focused on the choices made by individual actors in the economy (like people, households, industries, etc.)
By: Barka Mirza ProfileResourcesReport error
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