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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


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Economic growth


Solution : The correct answer is (d) Economic growth.

Macroeconomics focuses on the behavior and performance of an entire economy. It examines aggregate variables and phenomena that affect the overall economy as a whole. Economic growth, which refers to the increase in a country's total output of goods and services over time, is a key topic studied in macroeconomics. Macroeconomics analyzes the factors that contribute to economic growth, such as changes in technology, investment, productivity, and the accumulation of capital. It investigates the determinants of long-term economic growth and explores policies that can promote sustainable and robust economic growth at the national level.

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