Ask Question
18 July, 09:48

Use what you have learned about macroeconomics to

explain why the study of macroeconomics is important to

daily life. What can people gain from understanding how

economies work on the national or international level?

+2
Answers (1)
  1. 18 July, 12:33
    0
    Answer and Explanation:

    Macroeconomics refers to the analysis of the economy as a whole. It covers the components like inflation, unemployment rate, saving, investment, etc

    It is important to research macroeconomics, so we can learn how the country's economy is doing.

    Microeconomics also studies inflation, unemployment causes, national earnings, and market price variations.

    Moreover, Macro-economics focuses on businesses and people's decisions.

    The people would get to know how much is the GDP of the economy, population, etc so that the government should make the decisions based on the current situation
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Use what you have learned about macroeconomics to explain why the study of macroeconomics is important to daily life. What can people gain ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers