Macroeconomics focuses on the following units in an aggregat…

JAMB Economics 2023 57 views

Macroeconomics focuses on the following units in an aggregative manner

  1. individual consumers, individual firms, government and external sector
  2. government, household firms, individual consumers and external sector
  3. household, firms, government, corporate sector and external sector ✓
  4. individual consumers, household firms and manufacturing sector

Explanation

This answer correctly explains the economic concept. Economics studies how people make choices about limited resources.

The other options describe different economic ideas or situations. They don’t fit what this question asks.

Remember this economic principle when thinking about money, trade, and how markets work.

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