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Depreciation

The theory of...

Question

The theory of income determination is the core of macroeconomics.

A

True

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False

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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.

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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)
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4) _________ is the subject matter of Macroeconomics. (Growth theory/ Factory Pricing/ Market Structure/ Individual Incomes)
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	Group "A"		Group "B"
(1)	Microeconomics	(a)	Wealth of Nations
(2)	Macroeconomics	(b)	Price theory
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(4)	Alfred Marshall	(d)	Smallest unit
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		(f)	Wastage
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Q. Name the Economist whose book "The General theory of Employment", led to the creation of Macroeconomics.

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