What is an example of macroeconomics?
1 Answer
Mar 25, 2018
See below:
Explanation:
As opposed to microeconomics, macroeconomics is concerned with the economy of nations. For instance, here are some factors of economics that are considered components of macroeconomics:
- GDP (Gross Domestic Product)
- Trade between two countries
- Unemployment levels
- Inflation/deflation
The big takeaway is that macroeconomics is the study of behavior of the economies of entire nations, and takes into account things that apply universally to that nation.
