BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The general price level is a hypothetical measure of overall prices for some set of goods and services (the consumer basket), in an economy or monetary union during a given interval (generally one day), normalized relative to some base set.

Detailed explanation-2: -Microeconomics deals with various issues like demand, supply, factor pricing, product pricing, economic welfare, production, consumption, and more. Macroeconomics deals with various issues like national income, distribution, employment, general price level, money, and more. It is applied to internal issues.

Detailed explanation-3: -Macroeconomics studies economic relationships or economic problems or economic issues at the level of the economy as a whole. Thus national income and output, general price level and balance of trade and payments-all are studied under macro economics since they all involve the study of the economic aggregates.

Detailed explanation-4: -Examples of macroeconomic factors include economic outputs, unemployment rates, and inflation.