Question

Which of the following is not a variable of macro economics?

• A. Aggregate Supply
• B. National Income
• C. Aggregate Demand
• D. None of the above

Answer 1

The correct option is D None of the above

Macro economics deals in the study of economics as a whole. Aggregate supply, (that refers to total production of goods and services in the economy) national income (income incurred by a nation from the production of goods and services during an accounting period) and aggregate demand (total expenditure on the purchase of goods and services in an economy during an accounting year) - all are included in the study of macro economics.