SCOPE AND IMPORTANCE OF MACROECONOMICS
SCOPE AND IMPORTANCE OF MACROECONOMICS
IN NATIONAL INCOME:
The study of macroeconomic is very important for evaluating the overall performance of the economy in terms of national income ,with the advent of the great depression of the 1930s,it became necessary to analyze the causes of general over productions and general unemployment's ,this led to the construction of the data on national income ,national income data help in forecasting the level of economic activity and to understand the distribution of income among different group of people in the economy
IN NATIONAL INCOME:
The study of macroeconomic is very important for evaluating the overall performance of the economy in terms of national income ,with the advent of the great depression of the 1930s,it became necessary to analyze the causes of general over productions and general unemployment's ,this led to the construction of the data on national income ,national income data help in forecasting the level of economic activity and to understand the distribution of income among different group of people in the economy
LINK REFER.SANTOSH
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