Macroeconomics is also called
Options
Aapplied economics
Baggregate economics
Cexperimental economics
Dnone of the above
For any discrepancies in this question, email contact@cadada.in
Introduction to Business EconomicsMTP Apr 21Question 662 of 209
All Questions Correct Answer
✅ Option b — aggregate economics
All Options:
- Aapplied economics
- Baggregate economics
- Cexperimental economics
- Dnone of the above
Detailed Solution & Explanation
• Macroeconomics is the branch of economics that studies the behavior and performance of an economy as a whole. It focuses on broad aggregates like national income, employment, inflation, and economic growth.
• The term "aggregate" refers to the total or combined sum of economic variables. Since macroeconomics deals with these overall, economy-wide sums, it is often referred to as aggregate economics. This highlights its focus on the big picture rather than individual units.
• Therefore, option (B) aggregate economics is the correct answer because it accurately describes the scope and nature of macroeconomics, which analyzes the economy in terms of large-scale aggregates.
• Option (A) applied economics is incorrect because applied economics uses economic theory and econometrics to address practical problems in various fields. While macroeconomics can be applied, "applied economics" is a broader category, not an alternative name for macroeconomics itself.
• Option (C) experimental economics is incorrect. Experimental economics uses controlled experiments to study economic phenomena. This is a specific methodology within economics, not a synonym for macroeconomics.
About This Chapter: Introduction to Business Economics
Paper
Paper 4: Business Economics
Weightage
5%
Key Topics
Meaning, Scope, Price Mechanism
This chapter lays the groundwork for understanding Business Economics as a discipline. It covers the meaning, scope, and nature of economics — including key distinctions like Microeconomics vs Macroeconomics, Positive vs Normative economics, and the fundamental economic problem of scarcity. Students learn how businesses use economic principles for decision-making in a competitive marketplace.
View Official ICAI SyllabusExam Strategy Tip
Focus on definitions and distinctions between concepts. Questions often test whether you understand the difference between Micro and Macro, or Positive and Normative statements.
Related Comparison Tables
More Questions from Introduction to Business Economics
A study of how increases in the corporate income tax rate will affect the nation unemployment rate is an example of
In a ______ the producer is free to set up any type of firms produce goods and services of his choice.
In the beginning the word economics was
In Economics, we use the term scarcity to mean;
In a free market economy, allocation of resources is determined by
If there is no central planning authority to make the fundamental economic decisions and thus to allocate productive resources, how can then free enterprise or capitalist economy solve its central problems?
Ready to Master Introduction to Business Economics?
Practice all 209 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.
Start Practicing — It's Free