What is an example of macroeconomics?

1 Answer
Mar 25, 2018

See below:


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.