Question:
The study of the behavior of an economic system as a whole is called
The study of the behavior of an economic system as a whole is called
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'Macro' means large-scale. Macroeconomics looks at the big picture: entire countries' economies, GDP, and inflation. 'Micro' looks at small parts: individual businesses and consumer choices.
Updated On: Sep 22, 2025
- Microeconomics
- Macroeconomics
- Budget
- Expenditure
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The Correct Option is B
Solution and Explanation
Macroeconomics is the branch of economics that studies the behavior and performance of an economy as a whole. It focuses on aggregate changes in the economy such as unemployment, growth rate, gross domestic product (GDP), and inflation. Microeconomics, in contrast, focuses on individual economic agents like households and firms.
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