Q. In an economy, the production and the employment are related to which of the following “variable/variables”?
2.Rate of interest
3.Wage rates
Choose the correct answer from below given codes:

[A] 1 only

[B] 1 and 2 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: D

Explanation: In macroeconomics we usually simplify the analysis of how the country’s total production and the level of employment are related to attributes (called ‘variables’) like prices, rate of interest, wage rates, profits.

Source: NCERT – Macro economics