Question

Discuss the advantages and disadvantages of GDP and GNP as a measure of the economy’s
output performance and as a medium of the standard of living.
2. List and briefly explain the major factors of macroeconomics.
3. Based on the macroeconomic indicators of Bangladesh in recent years, explain how the
economy of Bangladesh is performing.
4. Who determines the nation’s money supply? Explain how money supply could be
expended or reduced in an economy in which all the money is in the form of currency.

Answer 1

Explanation:

[tex]1)These are examples of the macroeconomic factors that affect an economy:

Interest rates. The value of a nation's currency greatly affects the health of its economy. ...

•Inflation. ...

•Fiscal policy. ...

•Gross domestic product (GDP) ...

• National income. ...

• Employment. ...

• Economic growth rate. ...

• Industrial production.

]