BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Definition: Macroeconomics is the branch of economics that studies the behavior and performance of an economy as a whole. It focuses on the aggregate changes in the economy such as unemployment, growth rate, gross domestic product and inflation.

Detailed explanation-2: -Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and government spending to regulate an economy’s growth and stability. This includes regional, national, and global economies.

Detailed explanation-3: -Answer: 1) Macroeconomics is the study of aggregates; as it studies the economy as a whole, rather than the individual economic units as a consumer or a producer. It studies the aggregates such that they cover the entire economy. For instance, it studies national income rather than individual income.

Detailed explanation-4: -The study of macroeconomics involves the study of the factors affecting the economy or society as a whole rather the individual factors. It is also known as aggregate economics.

Detailed explanation-5: -When economics is studied at an aggregate level, it is called macroeconomics.