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Central Problems & the PPC · Question 8 of 87

Question 8

MediumOriginal question

Assertion (A): The study of the total output of an economy belongs to macroeconomics.

Reason (R): Macroeconomics studies the economy as a whole, through aggregates.

Options for question 8

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. Total output is an aggregate of every producer's output, so A is true.

  2. R states what macroeconomics does, and that is exactly why total output falls in it, so R explains A.

Concept
Why aggregates belong to macroeconomics
Typical time
70 s
Your time
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The rule this testsMicroeconomics and macroeconomics
Practise this chapter →

Ten questions from Central Problems & the PPC, at your own pace.

Practise this chapter →

Ten questions from Central Problems & the PPC, at your own pace.