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In the national context which of the following indicates Macro Approach ?
- a)Inflation in India.
- b)Sales of Bata Shoe Company
- c)Exports of Mangoes to UK
- d)Income from Railways.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
In the national context which of the following indicates Macro Approac...
Macro Approach in National Context
Macro approach refers to the analysis of the economy as a whole. It involves studying the broader economic indicators that affect the entire economy rather than focusing on individual companies or products.
Among the given options, the following indicates a macro approach in the national context:
Exports of Mangoes to UK
Explanation:
Exports of Mangoes to UK is a macroeconomic indicator as it reflects the overall performance of the agricultural sector and the country's foreign trade. The export of mangoes is a significant source of foreign exchange earnings for India, and it contributes to the country's overall economic growth. The export of mangoes to the UK is also influenced by various macroeconomic factors such as exchange rates, global demand, and government policies related to international trade.
On the other hand, the other options are microeconomic indicators as they only focus on individual companies or products. For instance, inflation in India is a microeconomic indicator as it only affects the prices of goods and services consumed by individuals in the country. Similarly, sales of Bata Shoe Company and income from Railways are also microeconomic indicators as they only reflect the performance of individual companies.
Conclusion:
In conclusion, when analyzing the national context, it is essential to consider both macro and microeconomic indicators. However, the macro approach is more useful in understanding the overall economic situation of the country.
Macro approach refers to the analysis of the economy as a whole. It involves studying the broader economic indicators that affect the entire economy rather than focusing on individual companies or products.
Among the given options, the following indicates a macro approach in the national context:
Exports of Mangoes to UK
Explanation:
Exports of Mangoes to UK is a macroeconomic indicator as it reflects the overall performance of the agricultural sector and the country's foreign trade. The export of mangoes is a significant source of foreign exchange earnings for India, and it contributes to the country's overall economic growth. The export of mangoes to the UK is also influenced by various macroeconomic factors such as exchange rates, global demand, and government policies related to international trade.
On the other hand, the other options are microeconomic indicators as they only focus on individual companies or products. For instance, inflation in India is a microeconomic indicator as it only affects the prices of goods and services consumed by individuals in the country. Similarly, sales of Bata Shoe Company and income from Railways are also microeconomic indicators as they only reflect the performance of individual companies.
Conclusion:
In conclusion, when analyzing the national context, it is essential to consider both macro and microeconomic indicators. However, the macro approach is more useful in understanding the overall economic situation of the country.
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In the national context which of the following indicates Macro Approach ?a)Inflation in India.b)Sales of Bata Shoe Companyc)Exports of Mangoes to UKd)Income from Railways.Correct answer is option 'C'. Can you explain this answer? for SSC CGL 2025 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about In the national context which of the following indicates Macro Approach ?a)Inflation in India.b)Sales of Bata Shoe Companyc)Exports of Mangoes to UKd)Income from Railways.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for SSC CGL 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the national context which of the following indicates Macro Approach ?a)Inflation in India.b)Sales of Bata Shoe Companyc)Exports of Mangoes to UKd)Income from Railways.Correct answer is option 'C'. Can you explain this answer?.
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