Macroeconomics Textbook - E-book - ePub

Economics of any country determines the growth of thecountry. The subject is of utmost importance to know the exactstatus of a Nation in comparison to others, especially in thepresent globalized world. Both the branches namely, microeconomics and macroeconomics, has its own significancein compounding the economic conditions. Macroeconomics dealswith the larger picture and provides the aggregate of all thefactors which affects the country as a whole.
The factors likeGDP, GNP, rate of inflation, poverty margins, unemploymentrate, etc. are all factors falling under macroeconomics andassessing them allows the government to get a clear picture ofwhere the nation is heading. Leading Economists like AdamSmith, Karl Marx, and Samuelson etc. have helped indeveloping deeper concepts of macroeconomics which haverelevance even in the current world. Over the time theconcepts of macroeconomics have undergone a huge changewith changing dynamics and have currently become a veryimportant global subject.