The Branch of Economics That Studies the Performance of the National

question 158

Multiple Choice

The branch of economics that studies the performance of the national economy and the global economy is

• A)normative economics.
• B)Keynesian economics.
• C)microeconomics.
• D)positive economics.
• E)macroeconomics.

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Definitions:

Balance Sheet

A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts and/or funds obtained from special financing sources.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenue.

Income Statement

A financial report that displays a company's revenues, expenses, and profits over a specific period.