Question

What is an example of macroeconomics?

Answer 1

See below:

Explanation:

As opposed to microeconomics, macroeconomics is concerned with the economy of nations. For instance, here are some factors of economics that are considered components of macroeconomics:

• GDP (Gross Domestic Product)
• Trade between two countries
• Unemployment levels
• Inflation/deflation

The big takeaway is that macroeconomics is the study of behavior of the economies of entire nations, and takes into account things that apply universally to that nation.