Question 8
MediumOriginal questionAssertion (A): The study of the total output of an economy belongs to macroeconomics.
Reason (R): Macroeconomics studies the economy as a whole, through aggregates.
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
Total output is an aggregate of every producer's output, so A is true.
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 timeTypical
- 70 s
- Your timeYours
- —
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