Macroeconomics

What is Macroeconomics?Macroeconomics

Macroeconomics looks at economics at a bigger picture,  the economy wide level.

Learning about macroeconomics allows you to to make informed comparisons between countries and understand the consequences of economic growth, inflation and high unemployment.

Understanding the relationships between production, income and expenditure is crucial to learning macroeconomics.

09

Apr'18

What is Gross Domestic Product?

What is Gross Domestic Product? What is Gross Domestic Product or GDP is a fundamental question for macroeconomics students. Gross Domestic Product or GDP is the the usual measure for production in an economy. GDP is a measurement for the production of goods and services at the final market price to …

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09

Apr'18

What is Aggregate Demand and Supply?

Aggregate Demand and Supply The concept of aggregate demand and supply is important in macroeconomics. Total production in the economy can be expressed as aggregate supply and total expenditure can be expressed as aggregate demand. Macroeconomics looks at the economy as a whole. Microeconomics looks at individuals, businesses and sectors …

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09

Apr'18

Introductory Macroeconomics Questions and Answers

These introductory macroeconomics questions and answers will direct you to more resources to help in your study of macroeconomics. Introductory Macroeconomics Questions and Answers Hopefully these introductory macroeconomics questions and answers have helped you understand this important topic.

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09

Apr'18

What is the Circular Flow of Income Model?

What is the Circular Flow of Income Model? The Circular Flow of Income Model is often used to show the key macroeconomic relationships of income, expenditure and production are derived. The model illustrates how income, expenditure and the physical goods and services flow around the economy. The model in its …

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30

Jan'18

What are Index Numbers?

These questions and answers will help you understand how index numbers are created. Economic indicators such as the price index ‘The Consumer Price Index’ or CPI are used in business to illustrate how the vale of items is changing over time due to rising prices. Learn about their meaning and …

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