Question

Give Reasons.
Macro Economics is known as Income Theory.

Answer 1

Macroeconomics is concerned with the economic issues of a country which occur on a national scale. It studies about the performance of the economy as a whole and not of any individual firm or business. It focuses on the study of problems like inflation, unemployment, poverty, etc. It aims to determine the national income and employment levels in the country. And thus that is why it is called the Income theory.