Question : Statement 1: Macroeconomics focuses on studying the aggregate level of economic activity, such as GDP and inflation.

Statement 2: Microeconomics analyzes the behavior of individual consumers and producers in the market.

Option 1: Statement 1 is true, and statement 2 is false.

Option 2: Statement 1 is false, and statement 2 is true.

Option 3: Both statements 1 and 2 are true.

Option 4: Both statements 1 and 2 are false.

Question : Assertion (A): Both microeconomics and macroeconomics are supplementary to each other.
Reason (R): The superiority of one approach over the other can not be claimed.

Option 1: Both A and R are true and R is the correct explanation of A.

Option 2: Both A and R are true but R is not the correct explanation of A.

Option 3: A is true but R is false.

Option 4: A is false but R is correct.

Question : The subject of the study of macroeconomics is based on which principle?

Option 1: The principle of national income.

Option 2: The principle of consumer.

Option 3: The principle of producer.

Option 4: The principle of investment.

Question : Which of the following is a topic studied in macroeconomics?

Option 1: Elasticity of demand

Option 2: Production possibilities frontier

Option 3: Utility maximization

Option 4: Economic growth