Identify and explain the concept : Rani collected the data of India’s National Income for the purpose of study.
Q.2 (A) (iii) Identify and explain the concept : Rani collected the data of India’s National Income for the purpose of study.
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Answer: Macro economics
Macro economics studies the economy as a whole and deals with aggregates such as national income, total employment, total output and the general price level. Rani is studying India’s national income, an aggregate, so the concept is macro economics (it is also called income theory).
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· 28 Oct 2026
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