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What are things come under macroeconomic?
What are things come under macroeconomic?
Expert Solution
Macroeconomics studies economy as a whole. Policymakers, businessmen, investors and economists use macroeconomics variables to make their daily economic decisions. These macroeconomics variables are;
- National income, Gross domestic product, Gross national product e.t.c.
- Savings, investments, consumption, interest rates and inflation rate of the whole economy.
- Monetary and fiscal policies which affect taxes, government spending, money supply and interest rates.
- Public debt.
- Unemployment and poverty rate in the country.
- International trade and international finance; current account, capital account and foreign exchange.
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