alleryStart learning →Macro economics is best described as the study of:
AAggregates covering the economy as a whole
BIndividual consumers and their buying habits
CSingle firms and how they set their prices
DOne nation and its own political decisions
Answer & Solution
Correct answer: A. Aggregates covering the economy as a whole
1. Macro economics studies the behaviour and performance of an economy as a whole.
2. It covers the functioning, performance and growth of an economy rather than the choices of one unit within it.
3. The textbook's own answer to this question is aggregates, and it deliberately offers a nation as a near-miss distractor.
4. Individual consumers and single firms are the subject matter of micro economics.
_Source: TN HSC Class 12 Economics (Samacheer Kalvi, Govt of Tamil Nadu), Ch 1 "Introduction to Macro Economics", §1.2 and Summary_
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