Macroeconomic

What is macroeconomic?

• Study the behaviour and decisions of households and firms.

• the study of the whole economy.

• A branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole.

• deals with structure and behavior of a individual market and decisions on household and firms.

Example of macroeconomics

• Individual demand, individual supply and opportunity cost

• Capital, labour and enterprise

• Privately owned company

• National income,inflation and unemployment

Advantages of macroeconomics

• Helps in studying of national income and GDP

• Helps us understand about the countries ecenomic problem

• Helps us give the insight of the income of a country our city

• Helps us understand about our problems

What is GDP?

• Gross domestic product

• Gross demanding product

• Gross national income

• Growing demand policy

What is macroeconomic primarily concerned with?

• Individual market

• Gambling

• The economy as a whole

• Family problems

Which of the following best describe inflation?

• Decreases in overall price

• Increase in unemployment

• Increase in overall price

• Rise in interest rates

Which is NOT a component of GDP?

• Consumption

• Imports

• Investment

• Next export

What is the role of a central bank?

• Manage the currency and monetary policy

• Control national debt

• Set minimum wages

• Decide tax rates

Which of the followomg policies would most likely reduce inflation

• Decreasing taxes

• Increase government spending

• Increasing money supply

• Rasing interest rates

What is the main measure of inflation

• Federal fund rate

• Unemployment rate

• Gross domestic product

• Consumer price index