What are some examples of macroeconomic drivers?

The main drivers of macroeconomics include

• Interest rate. Changes in interest rate affect the performance of the entire economy. Basically, the interest rate has the potentials of triggering economic growth. The reason for the argument is the fact that lowering interest rate encourages borrowing as loans are relatively cheap. The move further leads to increased investments as well as aggregate demand due to the increase in the supply of money. Subsequently, the increased investments contribute to the creation of employment and improved gross domestic product.
• Consumption and availability of labor. Human beings provide consumption and providers of labor input, which is a crucial factor in the production process. Notably, countries experiencing population growth are richly endowed with labor input placing them on the upper hand of advancing economically. Besides, high consumption levels create aggregate demand and the need for continued production.
• Availability of natural resources. The exploitation of natural resources contributes to increased production possibility curve. They include gold, oil, and other mineral deposits which contribute to economic growth as they can be exported, enabling a nation to earn capital inflow.