Question

give economic term :- economic variables of macro quantities
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Answer 1

Answer:

Macroeconomics variables

The economic variables of macro quantities are called macroeconomic variables. ... Macroeconomics variables includes national output, national income, aggregate demand, aggregate supply, total consumption, total investments, general price level, etc.

Answer 2

Answer :

Economic variables of macro quantities refer to indicators like GDP, Inflation, Unemployment, Trade balance and Exchange rates that are used to measure the overall health and performance of an economy and make predictions about future economic conditions.

Explanation :

Economic variables of macro quantities are a set of economic indicators that are used to measure the overall health and performance of an economy. These indicators provide a broad view of the economy and are useful for making predictions about future economic conditions. Some of the most commonly used economic variables of macro quantities include:

• Gross Domestic Product (GDP): GDP is the total value of all goods and services produced within a country's borders in a given period of time, usually a year. It is considered as a broadest measure of an economy's economic activity and health.

• Inflation: Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power of currency is falling. It is measured by the Consumer Price Index (CPI) or the Producer Price Index (PPI).

• Unemployment: Unemployment is a measure of the number of people who are actively looking for work but are unable to find it. High unemployment rates can indicate a weak economy.

• Trade Balance: It's the difference between a country's exports and imports. Positive trade balance indicates that the country is exporting more than importing and negative balance indicates opposite.

• Exchange rates: The rate at which one country's currency can be exchanged for another. Exchange rates can be influenced by a variety of factors such as economic growth, interest rates, and political stability.

These macroeconomic variables are closely monitored and studied by economists, policymakers, and businesses to understand the overall health of the economy and make predictions about future economic conditions. They are also used to develop economic policy and measure the effectiveness of existing economic policy. These indicators are important tools for understanding the broader economic conditions that can impact the performance of businesses, industries, and the overall economy.

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