Increase in national income is a microeconomics goal.

True

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False

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Solution

The correct option is B False
This statement is false because increasing national income is a macro economic goals.
Macro economic goals are the ones which take a look at the employment of a country, stability and growth. Increasing national income is one of those factors which are labelled as a goal in accordance with how the growth of the country is increased.

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Similar questions

Q. It is planned to increase national income by Rs. 1,000 crores. How much increase in investment is required to achieve this goal? Assume that marginal propensity to consume is 0.6. Calculate.

State the following statements are true or false.
1) Macro-Economics is known as income analysis.
2) Increase in national income is a Micro- Economic goal.
3) Macro-Economic adopts lumping method.
4) Study of price determination is a subject matter of Macro-Economics.
5) Micro-Economics deals with the study of aggregates.
6) National output is an example of macro variable.

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Q. Economic growth means increase in real national income.

Q. Economic growth is a quantitative measure and is measured in terms of an increase in national income.

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