Economy, asked by prajwalpawar291, 1 month ago

Explain the basic concepts in Macro economics?

Answers

Answered by ritika123489

Explanation:

Macroeconomics is a vast subject and a field of study in itself. However, some quintessential concepts of macroeconomics include the study of national income, gross domestic product (GDP), inflation, unemployment, savings, and investments to name a few. Let's discuss a few concepts.

Answered by peehuthakur

Answer:

The basic concepts of macroeconomics are as follows: (1) National Income: National Income is the aggregate monetary value of all final goods & services produced in the economy in a year. (2) Aggregate Saving: Saving is a part of income which is kept aside to satisfy future needs.

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