Question

Which of the following does not suggest a macroeconomic approach for India?

• A. Determining the GNP of India.
• B. Finding the causes of failure of X and Co.
• C. Identifying the causes of inflation in India.
• D. Analyse the causes of failure of industry in providing large scale employment.

Answer 1

The correct option is B Finding the causes of failure of X and Co.

Macro economics deals in the study of a nation's aggregate demand, aggregate supply, national income, employment, inflation etc. Therefore, it does not deal in individual variables like X and Co , it is micro approach because micro deals with individual part of the society.