25. COVID has badly affected the world economies. Most of the countries are reporting a significant decline in the GDP. This issue comes under the category of _____________. a. Microeconomic b. Macroeconomic c. Local economy d. None of the options

25. COVID has badly affected the world economies. Most of the countries are reporting a significant decline in the GDP. This issue comes under the category of _____________. a. Microeconomic b. Macroeconomic c. Local economy d. None of the options

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter1: What Is Economics

Section1.2: Trade-offs

Problem 3R

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Branch of economics that analyzes the behavior and performance of an economy as a whole. It focuses on the study of aggregates and evaluates changes related to unemployment, gross domestic product, inflation, monetary and fiscal policies of the government.

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