CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Depreciation

The theory of...

Question

The theory of income determination is the core of macroeconomics.

A

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A True
Macroeconomics deals with the study of national aggregates. It is known as income analysis because it studies the theory of national income in relation to other macroeconomic variables such as employment, inflation and growth.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Fill in the blanks:-
1) The credit of development of macroeconomic approach must go to ________. (Dr. Marshall/ Prof. Pigou/ Lord Keynes/ Mrs. Joan Robinson)
2) _________ economics studies the problem of inflation in an economy. (Micro/ Macro/ Static/ Industrial)
3) Macroeconomics does not study _________. (whole economy/ national income/ aggregate supply/ product pricing)
4) _________ is the subject matter of Macroeconomics. (Growth theory/ Factory Pricing/ Market Structure/ Individual Incomes)
5) Micro and Macro approaches are ________. (competitive/ alternative/ substitutes/ complementary)

Q. Macroeconomics is known as income analysis.

Q. Keynesian theory of income and employment determination was developed in ____________.

Q. Match the pairs.

	Group "A"		Group "B"
(1)	Microeconomics	(a)	Wealth of Nations
(2)	Macroeconomics	(b)	Price theory
(3)	Adam Smith	(c)	Social Science
(4)	Alfred Marshall	(d)	Smallest unit
(5)	Economics	(e)	Rationality
		(f)	Wastage
		(g)	Income theory

Q. Name the Economist whose book "The General theory of Employment", led to the creation of Macroeconomics.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Depreciation

ECONOMICS

Watch in App

explore_more_icon

Explore more

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon