Question 20 of 32
Q.The other name for "Macro Economics" is :
(a) Market Theory
(b) Price Theory
(c) Micro Theory
(d) Income Theory
Puducherry TnboardTamil Nadu HSC (DGE) Commerce Board 2023MCQ· 1mImportance★★★★★
63% · 20/32 Questions
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Start your 14-day free trial to unlock the full solution →Macroeconomics is also called Income Theory, so option (d) is correct.
In the introduction to macroeconomics in the Tamil Nadu HSC Commerce syllabus, macroeconomics studies the economy as a whole — aggregate income, output, employment and the general price level. Since determining the level of national income and employment is its central concern, it is popularly known as Income Theory or the Theory of Income and Employment.
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