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Chapter 1 Unit II questions

For Chapter 1 Unit II questions Click Nature & Scope of Business Economics
QUESTION
Q7) Macroeconomics is also called——— economics.

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Correct

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Solution:
Macroeconomics is also called aggregate economics.
This is because macroeconomics deals with the performance, structure, and behavior of an economy as a whole rather than individual markets.
It focuses on aggregate measures such as gross domestic product (GDP), inflation, unemployment rate, and national income.
Correct option is (b)