Give three limitation of macroeconomic. 3marks
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Limitations of Macroeconomics
Considers Aggregates as Homogenous: The individual data may not be similar in structure or composition. Thus, when such single figures are compiled to get an aggregate value, it may not seem to be that useful.
Considers Aggregates as Homogenous: The individual data may not be similar in structure or composition. Thus, when such single figures are compiled to get an aggregate value, it may not seem to be that useful.
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Answer:
the three limitation are:
1st Limited application
2nd Its Heterogenous Unit
3rd Dependence on individual units
Explanation:
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