CBSE Class 12-commerce Answered
why we need macro
Asked by mmalathi339 | 11 Apr, 2019, 03:12: PM
Expert Answer
The following points highlight the need/importance of macroeconomics:
- Macroeconomic analysis gives us an idea of the functioning of an economic system.
- It helps us trace and tackle economic problems such as unemployment, inflation, exchange rates etc.
- Macroeconomics is of great help in the formulation of economic policies.
- Macroeconomics helps us to understand and analyse the performance of an economy through GNP, NI etc.
Answered by Christina | 12 Apr, 2019, 09:52: AM
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