Question

Which of the following is studied under macroeconomics?

• A. National income
• B. Full employment
• C. Total production
• D. All of these

Hint:

If a topic deals with the "total" or "national" level of the economy, it falls under macroeconomics.

Answer 1

The Correct Option is D

This question is similar to the previous one and covers the scope of macroeconomics. Macroeconomics is concerned with the aggregate (total) variables of an economy.

National Income: The total income earned by the residents of a country.
Full Employment: The level of employment where all willing and able individuals can find jobs.
Total Production: The aggregate output of all goods and services in the economy (GDP/GNP).
All these are fundamental concepts studied in macroeconomics.