Economic Awareness - Sectors of Indian Economy
Which of the following is an example of a Macroeconomic variable?
Which of the following is an example of a Macroeconomic variable?
medium Q14 of 15
Step-by-Step Solution
Step 1: Identify macroeconomic variables
Macroeconomic variables represent aggregate economic indicators affecting the entire economy.Step 2: Analyze options
Price of rice, household income, and demand for a brand are microeconomic variables. National unemployment rate is an aggregate macroeconomic indicator.Final Answer:
National unemployment rate → Option AQuick Check:
Macroeconomic variable = national unemployment rate ✅
Quick Trick: Look for economy-wide indicators for macro variables
Common Mistakes:
MISTAKES- Confusing individual prices or incomes as macro variables
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