Question

EXPLAIN THE BASIC CONCEPTS OF MACRO ECONOMICS

Answer 1

Answer:

Macroeconomics is a branch of economics that studies how an overall economy—the market systems that operate on a large scale—behaves. Macroeconomics studies economy-wide phenomena such as inflation, price levels, rate of economic growth, national income, gross domestic product (GDP), and changes in unemployment.

Answer 2

Answer: This may help you

Explanation:

Macroeconomics refers to the 'big picture' study of economics, so looking at concepts like industry, country, or global economic factors. Macroeconomics includes looking at concepts like a nation's Gross Domestic Product (GDP), unemployment rates, growth rate, and how all these concepts interact with each other.