What Are The Important Variables That Constitute The Subject Matter Of Macroeconomics?


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Macro economics is an aggregate study of the economy of a country.Economy means production,exchange,distribution and consumption activities of a country combined together. Hence, the study of the aggregate behavior of an economy is known as Macro economics.We study aggregate demand, aggregate supply, national income, national output, aggregate consumption, aggregate saving, aggregate investment, aggregate expenditure, general level of employment, business fluctuations, general price level, foreign trade, balance of payments. macro economics. Apart from that we also study business fluctuations in the international market, free trade areas and other forms of economic integration, world trade organisation, etc.The 3 major macroeconomic variables are GDP, unemployment, and inflation.
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