Discussion
Macro-economics is a study of economics that deals with :
Answer: B
Macroeconomics deals with firms, households, government and external sector.
Macroeconomics studies the economy as a whole: national income, employment, the price level, growth and the balance of payments. Its models therefore include all four sectors of the circular flow: households, firms, the government (taxes and spending) and the rest of the world (exports and imports).
Firms and households alone describe a simple two-sector model, not the full subject. Demand for a specific product is a microeconomic question, and the balance of payments is only one of the topics macroeconomics covers.
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