Introduction to Macro Economics

Macro Economics is a study of _____

• Aggregates of the economy

• Single Good

• Two or More Goods

• Services Alone

Macro Economics studies the problem of _____

• Inflation

• Deflation

• Inflation and Deflation

• None of these

Economic Growth is a ______ concept

• Qualitative

• Quantitative

• Good

• Practical

Economic Development is a ______ concept

• Qualitative

• Quantitative

• Practical

• Theoritical

Macro Economics helps in ____ formulation

• Policy

• Theory

• Practical

• Psychological

Word 'Resource' in Economics implies

• Good and Service

• Good

• Service

• Theory

Who is father of Economics?

• Adam Smith

• Alfred Marshal

• Keynes

• Tobin

Macro economics deals with

• National Income

• Individual Firm

• Individual Company

• A person

The basic factors of production are land, labour, capital, and___

• Enterprise

• Investment

• Machinery

• Resources

What is an Open Economy?

• Economic Relations with other countries

• No Economic Relations with other countries

• No trade

• Trade within the state