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Behavior and performance of an economy

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Macroeconomics focuses on the behavior and performance of an economy as a whole - its performance in terms of aggregate changes in for instance unemployment, growth rate, gross domestic product and inflation. These aggregate indicators influence the economy and determine government economic policies and business management policies and strategies.

  • What is GDP?
  • Why do economists focus on - GDP, inflation, and unemployment when assessing the health of an entire economy?  

https://economictimes.indiatimes.com/definition/macroeconomics

Reference no: EM131414192

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