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FAQs on CBSE Class 11 Economics Sample Paper - 15 - Economics for Grade 11

1. What are the main objectives of macroeconomics?
Ans. The main objectives of macroeconomics are to study the behavior of the economy as a whole, analyze factors influencing economic growth, unemployment, inflation, and income distribution, and formulate policies to achieve macroeconomic stability.
2. How does macroeconomics differ from microeconomics?
Ans. Macroeconomics focuses on the economy as a whole, studying aggregate indicators like GDP, inflation, and unemployment, while microeconomics examines the behavior of individual agents like consumers and firms in making economic decisions.
3. What is the significance of studying national income in macroeconomics?
Ans. Studying national income in macroeconomics helps in understanding the overall performance of the economy, measuring economic growth, analyzing income distribution, and formulating effective economic policies.
4. How does macroeconomics influence government policy-making?
Ans. Macroeconomics provides insights into the functioning of the economy, helps identify economic problems like inflation or recession, and guides policymakers in designing appropriate fiscal and monetary policies to address these issues.
5. What role does unemployment play in macroeconomics?
Ans. Unemployment is a key indicator in macroeconomics as it reflects the underutilization of labor resources in the economy, affects consumer spending, overall economic output, and plays a crucial role in policy-making to stimulate job creation and economic growth.
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