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Question

A study of how an increase in the corporate income tax rate will affect the national unemployment rate is an example of:

A
Macro economics
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B
Descriptive economics
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C
Micro economics
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D
Normative economics
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Solution

The correct option is B Macro economics
Macroeconomics deals with all the issues affecting the national economy.

For example, an increase in the direct tax such as corporate income tax will increase the cost of the corporate sector.
Thus, in order to compensate their costs, one of the measure may be to lessen the employees which will further affect the unemployment in the economy.

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