Question

Give reasons "Macro-Economics is also known as income and employment theory".

Answer 1

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Macroeconomic is also known as employment and income theory because....

• It shows the economic issues of whole economy..

• By this analysis govt made policies to generate income ..

• It reaches to the direct wants of individuals but at huge level..

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Answer 2

The given statement is true because macroeconomics is known as income and employment theory indeed. The reason being that macroeconomics is the study of employment in an economy and also the income.

The study of macroeconomics deals with the level of income of a country which is related with the employment of the country. Macroeconomics also deals with the concept of GDP growth in a country, unemployment rates and national income.