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What does Macroeconomics deal with?

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(i) Total output of goods and services (GNP).
• What determines the GNP level?
• Why is it that GNP grows at a lower rate in some years than in others?

(ii) Total employment and unemployment levels.
• What proportion of total population is unemployed?
• What determines levels of unemployment?

(iii) General price level.
• Shows cost of purchasing by a typical consumer
• Estimates inflation and anticipated effects

(iv) Balance of payment problem.

(v) Exchange rates.

Kavungya answered the question on August 10, 2021 at 05:30

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