________ studies the operation of a nation's economy as a whole.
A) Microeconomics
B) Socioeconomics
C) Econometrics
D) Macroeconomics

Question

Quizplus · Accepted Answer

Macroeconomics studies the aggregate or overall behavior of a nation's economy, including topics such as inflation, unemployment, and economic growth. Microeconomics, on the other hand, focuses on the behavior of individual consumers and firms in making decisions about resource allocation. Socioeconomics is a broader field that considers the social and cultural factors that shape economic behavior, while econometrics is the application of statistical methods to economic data.

________ Studies the Operation of a Nation's Economy as a Whole