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Question : Macroeconomics deals with which of the following studies?
I. Reasons behind the unemployment of resources.
II. Determination of total output.

Option 1: Only I

Option 2: Only II

Option 3: Neither I nor II

Option 4: Both I and II


Team Careers360 21st Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: Both I and II


Solution : The correct answer is Both I and II .

I. The reason behind the unemployment of resources.

II. Determination of total output.

A branch of Economics known as macroeconomics studies the composition, dynamics and behaviour of the global economy.

It focuses on things like GDP, national income, pricing levels of different goods and services, inflation, economic growth rate and unemployment rate in a certain nation.

These factors can be the reason for the unemployment of resources and, alternatively, these are also responsible for the determination of total output.

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