BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Determining the GNP of India.
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Finding the causes of failure of ABC Ltd.
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Identifying the causes of inflation in India.
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Analyse the causes of failure of industry in providing large scale employment.
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Detailed explanation-1: -Macro economics deals in the study of a nation’s aggregate demand, aggregate supply, national income, employment, inflation etc. Therefore, it does not deal in individual variables like X and Co, it is micro approach because micro deals with individual part of the society.
Detailed explanation-2: -Finding causes of high turnover in ABC Ltd. is a micro approach as it is related to a single firm and not to the whole economy.
Detailed explanation-3: -The correct answer is option 2, i.e. the determination of prices in the agricultural sector. Agricultural prices do affect macroeconomics, but it is not a direct issue studied, unlike the other three.
Detailed explanation-4: -Detailed Solution. Unemployment is studied under Macroeconomics.