Question

✌️✌️Helo phirannds ✌️✌️
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Define macroeconomics and explain its features?
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Answer 1

Answer:

Macroeconomics is defined as that branch of economics which study economic activity including economic issues and economic problems at the level of an economy as a whole. It focuses on Macroeconomic variables like aggregate demand, aggregate supply, general price level, national income, and output, etc.

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Answer 2

Macroeconomics is that branch of Economic Analysis in which groups created to the whole economies, like national income, Total production, total consumption, total savings, wage-level, general cost, and general price level are studied.

features

Unit of study / nature of analysis – Aggregate and Macroscopic.

Macro-Economics deals with the study of Economy as a whole. It is concerned with the aggregate concepts such as National Income, National Output, National Employment, General level of Prices, Business cycle etc.

2) Theory of National income and employment:

Macroeconomics studies the concept of national income, its different elements, methods of measurement and social accounting.